Undertakings for Collective Investment in Transferable Securities

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 ?
CIMB-Principal Islamic Asset Management (Ireland) PLC has obtained approval from the Central Bank of Ireland to launch its Global Sukuk UCITS Fund (Fund), Malaysia's first global sukuk fund under the Undertakings for Collective Investment in Transferable Securities (UCITS) funds structure.
Undertakings for collective investment in transferable securities are investment funds that were established in 1985 under Directive 85/611/ECC.
This is a mandatory measure under the new directive on undertakings for collective investment in transferable securities, Ucits IV.
The directives on undertakings for collective investment in transferable securities - UCITS - were put through intensive consultations and we achieved a win-win result for the industry and for the European Commission.
With very limited exceptions, the Directive covers all funds that are not Undertakings for Collective Investment in Transferable Securities ("UCITS") funds.
The funds covered in the study are open ended mutual funds or Undertakings for Collective Investment in Transferable Securities (UCITS) funds.
To protect consumers who place money in investment funds offered by undertakings for collective investment in transferable securities (UCITS), the European Commission proposes to tighten obligations and the liability of the depositaries of these financial products.
The investment strategy employed through the Platform Company Fund has previously only been available in Europe in an Undertakings for Collective Investment in Transferable Securities (UCITS) structure since 2006.
The third proposal concerns a new revision of Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions on undertakings for collective investment in transferable securities (UCITS).
On Monday, Morgan Stanley (NYSE: MS) announced the launch of its first Undertakings for Collective Investment in Transferable Securities (UCITS) III Fund.
the proposal amending Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS - 4440); and 3.
Many coordinated funds have begun investing in derivatives and fund managers, taking advantage of the flexibility offered by the latest Undertakings for Collective Investment in Transferable Securities (UCITS III) Directive, are implementing more innovative strategies.