EP publishes draft fund marketing report

The EP has published draft reports on the Commission’s proposals relating to fund marketing. The key concern of the rapporteur, Wolf Klinz, is that while it is a good idea to make pre-marketing to professional investors easier, reverse solicitation should be prevented.  As a result, he says that, within 18 months of a pre-marketing, investors should be able to invest in a fund only as a result of a marketing.