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In this episode of our series on the EU Markets Integration and Supervision Package, Betül Kohlhäufl is joined by Niamh O'Leary to explore what the proposals could mean for the funds sector. The discussion looks at potential changes to the UCITS and AIFMD frameworks, including the proposed UCITS depositary passport, cross-border fund distribution, pre-marketing, ESMA's expanded role and the practical implications for asset managers operating across the EU.