The European Commission ( EC ) has proposed tightening restrictions on the buying and selling of funds and securities throughout the bloc . The European Union 's ( EU ) executive committee has also tabled changes to the regulation of of investment companies . EFAMA proposes digital passport for pan-European fund access In a list of nine proposals, the Commission backed facilitating the cross-border distribution of investment funds, with particular reference to UCITS and alternative investment funds (AIFs). " We want to create the right conditions for more funding to flow to the real economy , so that European start - ups and SMEs can get the finance they need to invest , innovate and grow , " said vice - president Valdis Fischer .
The European Commission ( EC ) has proposed tightening restrictions on the buying and selling of funds and securities throughout the bloc . The European Union 's ( EU ) executive committee has also tabled changes to the regulation of of investment companies . " We want to create the right conditions for more funding to flow to the real economy , so that European start - ups and SMEs can get the finance they need to invest , innovate and grow , " said vice - president Valdis Fischer .