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IMA calls for no delays for single market reforms

The Investment Management Association believes Europe should not delay its introduction of single market reforms despite a rejection from Ireland on the European treaty.

Ireland rejected the treaty on Friday and IMA chairman Robert Jenkins says that call may lead to a pause.

Speaking at the annual meeting of the European Fund and Asset Management Association, he said: “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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