The Council of the EU has published an information note from the General Secretariat of the Council to the Permanent Representatives Committee concerning the outcome of the European Parliament’s first reading of the proposed UCITS V Directive.
The note states that the Parliament’s first reading position reflects what had been previously agreed between the institutions and that the Council should therefore be in a position to approve the Parliament’s position. UCITS V can then be formally adopted using the wording corresponding to the Parliament’s position.
