The Permanent Representatives Committee approved today (19.3.2014), on behalf of the Council, an agreement reached with the European Parliament on a proposal to amend EU rules on investment funds (7411/14).

The proposal amends directive 2009/65/EC on undertakings for collective investment in transferable securities (UCITS) as concerns depositary functions, remuneration policies and sanctions. 

Read  more here. 

Read also Greek Presidency reaches provisional agreement on UCITS.