The Council of the EU has published an “I” item note from its General Secretariat to the Permanent Representatives Committee (Part 1) (COREPER) setting out the final compromise text of the proposed UCITS V Directive. The Council now invites COREPER to:
- approve the final compromise text of UCITS V; and
- confirm that the Council’s Presidency can indicate to the European Parliament that, if the Parliament adopts its position at first reading (subject, if necessary, to revision of the text by legal linguists), the Council will approve the Parliament’s position.
