Peter de Proft, director general of EFAMA

EFAMA welcomes Brussels back down on fund manager pay cap

The European Fund and Asset Management Association (EFAMA) says the vote on UCITS V, which rejected a plan to cap fund manager bonuses, is testament to the importance the European Parliament places on UCITS and investor protection.

 
Peter de Proft (pictured), director general of EFAMA, says: “EFAMA will continue to work with the parliament, the council and the commission throughout trilogues. EFAMA wishes the final directive to deliver a good result for end-investors in relation to the safeguarding of assets and other provisions that benefit end-investors.”
 

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