EUROPE: European Commission announces creation of two investment fund advisory groups

Monday December 5 2005

The European Commission has today announced the creation of two investment fund advisory groups and has called on trade associations to nominate candidates. The Expert Group on Market Efficiency will advise the Commission on cost-effective ways to support a more efficient organisation of different stages in the European investment fund value-chain.

The Group will seek to determine whether EU-level steps would deliver meaningful benefits; it will explore different options for realising these and contribute to discussions on cost-effectiveness of actions. The Expert Group on Alternative Investment Funds will report on the current state, structure and trends relating to the EU market for these funds.

It will also identify whether there exist Single Market failures that are having a material detrimental impact on their efficient cross-border development. The creation of these groups was foreseen by the Commission Green Paper on enhancing the EU framework for investment funds. Interested European trade associations are invited to propose candidates by 30th December 2005. The Commission will decide on the final composition of the advisory groups in January 2006. T

he press release, together with nomnation forms etc, can be found at the above link.