After AIFMD, Ucits rules to be aligned

The European Commission will extend new rules being developed for alternative investments to the Ucits framework for mutual funds, says Nadia Calviño, deputy director-general for the internal financial market and services. Speaking to AsianInvestor on a recent visit to Hong Kong, Calviño says the EU is responding to commitments made at the G20. It has a few major initiatives to consider once it has finalised level-2 (i.e. implementation) rules to the Alternative Investment Funds M…