Undertakings for Collective Investment in Transferable Securities(redirected from UCITS)
Also found in: Acronyms.
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.