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The European FPP is an important attempt of fund industry and national category associations to harmonize all the information and the documents related to european investment funds throughout the EU.
The aim is to standardization and the automation in the fund industry in the European Union.
FPP was put in place by EFAMA, the European Fund and Asset Management Association, that is the expression of the whole fund industry in EU.
The EU UCITS IV Directive, recently approved by the European Parliament,[1] has, among others, the aim to facilitate the cross border distribution of investment funds, cross-border fund mergers and new standardized key investor information document.
All these information can be found in the FPP.