Ewolucja regulacji prawnych i zmiany wielkości rynku funduszy inwestycyjnych w Unii Europejskiej

The article looks at the evolution of regulatory framework and size of investment fund market in the EU. The authors describe the three-stage evolution of the EU regulations determining the growth of the size of this market: (1) investor protection, (2) creation and strengthening the single financial market in the EU, and (3) protecting stability and integrity of the market. Particular attention is given to the last stage, as they claim that the post-crisis regulations allowed the EU single investment fund market to gain the trust of investors, which has resulted in its expansion and improved competitiveness.