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Policy position
EFAMA Position Paper on EC proposal for a FTT Directive
EU FTT
05 December 2016

EFAMA Position Paper on EC proposal for a FTT Directive

EFAMA is the representative association for the European investment management industry. EFAMA represents through its 28 member associations and 62 corporate members EUR 21 trillion in assets under management of which EUR 12.6 trillion managed by 56,000 investment funds at end 2015. Just over 30,000 of these funds were UCITS (Undertakings for Collective Investments in Transferable Securities) funds, with the remaining 25,900 funds composed of AIFs (Alternative Investment Funds). Our industry provides significant and stable flows of finance to the European economy.

 

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Press release
 
EU FTT
14 March 2013

FTT---EFAMA-Impact-Analysis

Brussels, 14th March 2013
For immediate release
The proposed new financial transaction tax (FTT) will reduce the attractiveness of savings and the supply of long-term financing in Europe, particularly in the FTT-zone
  • The new proposal for a Council Directive implementing an FTT in just 11 EU Member States (FTT-zone) will lead to significant costs on savings and reduction in future pension levels of EU citizens.
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