A new Green Paper has launched a debate on the future design of the EU framework for investment funds which represent more than 5 trillion euros of assets. It invites consideration and comment on a range of proposals aimed at boosting the efficiency of the single market for investment funds and maintaining high levels of investor protection. The Paper is not a blue-print for sweeping legislative reform but does not close the door to more farreaching adjustments in the longer-term. The deadline for comments is 15 November..