Follow Us

Follow us on Twitter  Follow us on LinkedIn

Article List:


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

Welcome to the GrahamBishop Archive.

If you would like access to more current information please subscribe to our friends membership.

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.

2008 UCITS
2008-12-17 Presidency paper on the Management Company Passport
2008-12-02 Council introduces European passport for UCITS
2008-11-12 Revised Presidency compromise paper on UCITS
2008-11-06 Presidency compromise on UCITS
2008-11-01 CESR response on UCITS management company passport
2008-10-02 CESR amended guidelines on eligible assets for investments in UCITS
2008-10-01 CESR consults on advice on UCITS Management Company Passport
2008-09-24 ECON draft report on UCITS IV
2008-09-08 IPE: UCITS III 'heading for mid-life crisis'
2008-09-04 CESR publishe responses on UCITS consultation
2008-08-27 ALFI calls for complete analysis on Management Company Passport for UCITS
2008-08-21 CESR consults on risk management principles for UCITS
2008-07-16 Commission proposal on UCITS review
2008-07-09 EFAMA survey shows growing importance of UCITS
2008-05-27 McCreevy underlines need for international solution for fund industry reforms
2008-04-08 CEPS report recommends Lamfalussy approach for UCITS
2008-04-04 AMF: Amendments to Collective Investment Schemes
2008-04-02 CESR review on UCITS Guidelines
2008-03-03 ISDA comments to CESR and Commission on UCITS to enter into CDS
2008-02-12 Commission publishes new study on investment policies of UCITS funds

Prior Years Reports

UCITS - 200712 articles out of 12.

UCITS - 200616 articles out of 16.

UCITS - 200519 articles out of 19.

UCITS - 20046 articles out of 6.

UCITS - 20034 articles out of 4.

UCITS - 20022 articles out of 2.