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commentDoubts remain over passport in UCITS IV 

The Malta Financial Services Authority says that national regulators may be reluctant to give the management passport full rein. European fund managers have fought a long and hard battle to get a deal on a passport that will finally allow them to run funds in European Union countries without having to set up management companies in each member state.

What is the link between regulation and investor protection?    

Cayman is the focus of some forthright opinions. However, as some participants of the more regulated sectors of the financial services industry fail, the argument of a correlation between greater regulation and investor protection seems, increasingly, fallacious, says Conyers funds partner Piers Alexander.