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 ?
With very limited exceptions, the Directive covers all funds that are not Undertakings for Collective Investment in Transferable Securities ("UCITS") funds.
This is a mandatory measure under the new directive on undertakings for collective investment in transferable securities, Ucits IV.
The funds covered in the study are open ended mutual funds or Undertakings for Collective Investment in Transferable Securities (UCITS) funds.
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.