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Undertakings for Collective Investment in Transferable Securities
(redirected from UCITS)

   Also found in: Acronyms 0.01 sec.
Undertakings for Collective Investment in Transferable Securities
Also called UCITS. A system intended to allow mutual funds and other investment vehicles to operate throughout the European Union. That is, UCITS aims to unify investment regulation throughout Europe so that a company registered in one country can conduct operations in other countries as well. UCITS has been marginally successful, though differing regulations intended to protect local investment companies have remained in place. UCITS was first adopted in 1985.


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Delivery vehicles include solutions such as notes, certificates, swaps, unit trust and UCITS III funds.
Fund managers preparing for the UCITS IV directive, due to come into force in 2011, said such low-cost jurisdictions might lack the appropriate skills and expertise and have a "limited track record and reputation", according to research conducted by custodian RBC Dexia and accounting firm KPMG.
Fund managers preparing for the UCITS IV directive, due to come into force in 2011, said such low-cost jurisdictions might lack the appropriate skills and expertise and have a "limited track record and reputation", according to research conducted by custodian RBC Dexia and accounting firm KPMG.
 
 
 
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