EU Directive on Undertakings for Collective Investment in Transferable Securities (UCITS): The Essential Reference

By Lex Press

The Directive on Undertakings for Collective Investment in Transferable Securities (UCITS) is a pivotal piece of legislation which harmonises the management and sale of mutual funds within the European Union, providing a robust framework for cross-border offerings while ensuring high levels of investor protection. The Directive outlines stringent standards for organisation, management, and oversight of UCITS, ensuring transparency and accountability. It covers key elements such as the authorisation of UCITS, their operating conditions, and the role of depositaries and management companies. It also stipulates rules for mergers, master-feeder structures, and the use of financial derivative instruments. The Directive has revolutionised the European investment fund industry, enabling fund providers to create products that can be sold across the EU under a single authorization, known as the "UCITS Passport". This has not only facilitated the free flow of investment services within the EU but also enhanced investor confidence due to the high level of protection it offers. This publication contains the full legal text of the Directive and successive amendments, as of January 2024. To facilitate referencing and understanding, headings and concise summaries of each article have been added, making it an invaluable resource for those seeking to navigate the complexities of the regulation with precision and insight.

• Format: Paperback
• Language: English
• ISBN: B0D7D2BFF2
• ISBN13: 9798328243452
• Release Date: June 2024
• Publisher: Independently published
• Length: 195 Pages
• Dimensions: 10.0" x 0.4" x 7.0"