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EU regulations act as catalyst for change
Regulatory changes in Europe are emerging as a catalyst for fund managers to restructure their offerings, according to new research released this week.
The research conducted by KPMG and RBC Dexia Investor Services examined fund manager reactions to new European regulations, including the introduction of so-called Management Company Passports.
The research found that there was likely to be a decrease in the number of management companies, a number of fund mergers and changes to underlying structures.
The study found that 49 per cent of respondents planned to restructure their fund ranges, with sub-optimal fund size and high costs to investors being the key drivers for such a move.
As well, it pointed to both funds and management companies considering their geographic locations taking into account tax regimes, regulatory frameworks and the availability of qualified personnel.
It suggested that in taking account of such factors, most funds were considering Luxembourg and Dublin.
AUTHOR
Mike Taylor
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