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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.

2011 UCITS
2011-12-23 AMF updates its policy on collective investment schemes
2011-12-21 AMF publishes instructions, completing transposition of UCITS IV Directive
2011-12-20 Hedgeweek: Why Luxembourg will preserve its UCITS dominance
2011-12-12 EFAMA: Net sales figures for UCITS showed mixed signals in October
2011-12-05 Advice on ESMA’s public consultation on UCITS exchange traded funds in the European Union
2011-11-23 ALFI updates a Key Investor Information Document
2011-10-21 AMF: Finalisation of UCITS IV Directive transposition
2011-10-14 EFAMA report: Turmoil in financial markets sees investors retreat to safe havens
2011-10-13 ESMA publishes an opinion on practical arrangements for the late transposition of the UCITS IV Directive
2011-09-28 ALFI defines ambition for Luxemburg Fund Centre
2011-09-23 ESMA publishes responses received to Discussion paper on ESMA's policy orientations on guidelines for UCITS ETFs and structured UCITS
2011-09-22 ALFI response to the discussion paper - ESMA’s policy orientations on guidelines for UCITS ETFs and structured UCITS
2011-09-22 IMA says all retail investment products must be subject to the same requirements
2011-09-20 European Commission looks at synthetic ETF crackdown
2011-09-02 EFAMA: UCITS enjoyed net inflows of €18 billion in the second quarter of 2011
2011-09-02 Germany establishes a mutual-funds ombudsman
2011-08-30 FT: Fund managers 'lagging behind' on Kiids deadline
2011-07-22 ESMA seeks preliminary views on the potential shape of future regulation of ETFs and structured UCITS
2011-07-12 Hedgeweek: Alternative UCITS prosper but will QIFs and SIFs spoil the party?
2011-07-05 FN: EU countries miss the UCITS boat
2011-06-24 AMF simplifies the programme of operations required of asset management companies
2011-06-10 IMA welcomes progress on tax-transparent funds
2011-05-24 EFAMA: UCITS framework provides high levels of risk mitigation and investor protection for ETFs
2011-05-16 EFAMA publishes report on the evolving investment strategies of UCITS
2011-04-14 ESMA sets out guidelines on risk measurement and the calculation of global exposure for certain types of structured UCITS
2011-04-06 ALFI publishes Risk Management brochure
2011-02-24 ALFI published Q&As to KID implementation project
2011-02-15 EFAMA replies to COM consultation on UCITS depositary function and UCITS managers’ remuneration

Prior Years Reports

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.

UCITS - 200519 articles out of 19.

UCITS - 20046 articles out of 6.

UCITS - 20034 articles out of 4.

UCITS - 20022 articles out of 2.