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Tackling remaining obstacles to a fully developed investment market across the EU, whilst ensuring a high level of investor protection.

Amendments to the EU rules governing collective investment funds, notably in the areas of Money Market Funds, long-term investment funds and certain aspects of the UCITS Directive (Undertakings in Collective Investments in Transferable Securities 2009/65/EC) such as eligible assets and use of derivatives, efficient portfolio management (EPM) techniques, OTC derivatives and depositaries.

Directive 2009/65/EC, which replaces the previous UCITS Directive 85/611/EEC, provides for common rules for setting up and operating investment funds in the EU. Fund managers that comply with these rules may benefit from the right to offer their services cross-border. Investment funds authorised in accordance with the provisions of this Directive may be distributed to investors across the EU after following a defined procedure for notifying the relevant competent authorities.

The UCITS rules have constituted Europe's regulatory framework for asset managers and investors since 1985. To keep the UCITS framework topical and in line with the evolution of investment markets, some reforms are envisaged.

Recent international work on shadow banking has identified certain areas that require closer scrutiny: money market funds and the use of securities lending or repurchase arrangements (repos). The short-termism of the financial markets is often not in line with the financing needs of the "real economy". Fostering a culture of long-term investment in Europe is therefore an important challenge. The intention is to address a number of concerns relating to the efficiency, competitiveness and integration of the market for UCITS funds in order to preserve the UCITS attractiveness for both professional and retail investors.

Directive on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) as regards depositary functions, remuneration policies and sanctions

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UCITS - 202213 articles out of 13.

UCITS - 20215 articles out of 5.

UCITS - 20207 articles out of 7.

UCITS - 201914 articles out of 14.

UCITS - 201814 articles out of 14.

UCITS - 20178 articles out of 8.

UCITS - 201616 articles out of 16.

UCITS - 201517 articles out of 17.

UCITS - 201410 articles out of 10.

UCITS - 201314 articles out of 14.

UCITS - 201238 articles out of 38.

UCITS - 201128 articles out of 28.

UCITS - 20109 articles out of 9.

UCITS - 200915 articles out of 15.

UCITS - 200820 articles out of 20.

UCITS - 200712 articles out of 12.

UCITS - 200616 articles out of 16.

2005 UCITS
2005-11-24 Answers to CESR consultation on Eligible Assets for Investments of UCITS
2005-11-22 EFAMA calls for new regulation on UCITS
2005-11-22 IMA welcomes adoption of principle-based approach to UCITS
2005-11-21 ECON Hearing on Asset Management
2005-11-17 ECB on Green paper on UCITS
2005-11-16 IMA responses to Asset Management Green Paper
2005-11-15 ZKA comments on Commission Green Paper on Investment Funds
2005-11-15 EACB disagrees with Commission's Green Paper on Investment Funds
2005-11-07 EFAMA presents new report on Cross Border Funds
2005-10-27 CESR consultation on simplification of the cross-border notification procedure of UCITS
2005-10-25 Commission summary report on UCITS hearing
2005-10-20 CESR launches second consultation on UCITS
2005-10-13 Speech McCreevy: Commission Hearing on Investment Funds
2005-07-26 Commission extends the deadline for CESR’s technical advice on UCITS
2005-07-07 CESR reviews supervisory convergence in UCITS Recommendations
2005-06-15 CESR published responses on UCITS
2005-04-26 EFAMA and IMA launch European fund registration report
2005-03-18 CESR consultation on draft advice on the eligible assets of UCITS
2005-02-03 CESR’s final guidelines for supervisors regarding UCITS Directives

Prior Years Reports

UCITS - 20046 articles out of 6.

UCITS - 20034 articles out of 4.

UCITS - 20022 articles out of 2.