Undertakings for Collective Investment in Transferable Securities

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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.
References in periodicals archive ?
Gain insight into the current situation in Europe with regard to UCITS III;
Use the report to assess potential opportunities and threats resulting from UCITS III regulation and appropriate responses;
Understand the potential development of the UCITS market in Europe over the next five years.
products following UCITS III are mixed; however, banks and
fund managers are expecting significant demand for UCITS
cross-border funds; however, UCITS III is viewed as a driver