PRESS RELEASE to the 3rd CEE Workshop in Kyiv, Oct 27-28, 2011

For the third time in a row, investment fund management associations of Central and Eastern Europe (CEE) gathered together in order to exchange views and share experiences regarding the developments in their respective investment fund and asset management industries. Representatives from Austria, Bulgaria, Croatia, Hungary, Poland, Romania, Ukraine and the European Fund and Asset Management Association (EFAMA) met at this year’s workshop which was hosted by the Ukrainian Association of Investment Business (UAIB) in Kyiv on Oct 27-28, 2011.

The 3rd workshop continued the promising dialogue triggered by this successful initiative between the investment fund management associations of the region. Consequently, the participants agreed to strengthen combined efforts and to promote the further dialogue in three areas, being the experiences with the classification of investment funds, the regulatory developments regarding inducements and the review of the Markets in Financial Instruments Directive (MiFID) as well as the implications of the recent US legislation, in particular the Foreign Account Tax Compliance Act (FATCA). Other key issues which have been designated as the common priorities were also the promotion of best practices concerning long-term savings and state support of the financial education throughout the region.

Moreover, the 3rd CEE Workshop held in Kyiv led to a stronger relationship and closer cooperation between the Ukrainian Association of Investment Business (UAIB) and the European Fund and Asset Management Association (EFAMA).

The next session of the CEE Workshop is scheduled to be held in Brussels in 2012.

For further inquiries to this press release, please contact Anastasiia Gavryliuk – gavrylyuk@uaib.com.ua.