Press Release

IMA Urges Europe Not To Delay Single Market Reforms In Event Of A "No" Result From Ireland

13 June 2008

Speaking at the annual meeting of the European Fund and Asset Management Association, Robert Jenkins, Chairman of the Investment Management Association, said,

"It is looking increasingly likely that Ireland will reject the European Treaty.  If that is the case, the European political process may pause.  Competition faced by Europe will not.  The asset management industry must move forward.  Pending proposals for UCITS are key.  Officials and parliamentarians who regret the Irish vote should be all the more eager to unify the European marketplace by pressing forward with these reforms."

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