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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.

2012 UCITS
2012-12-14 EFAMA: UCITS enjoy surge in net inflows of €41 billion in October
2012-12-10 Hedgeweek: ESMA proposals will impact €3 billion of CTA UCITS assets, says Alix Capital
2012-12-02 Hedgeweek: Luxembourg's regulator will effectively end use of UCITS fund promoters
2012-11-23 ECB policy actions drive increased sales on long-term UCITS during third quarter of 2012
2012-11-20 ESMA publishes an opinion on the interpretation of Article 50(2)(a) of the UCITS Directive
2012-11-20 ALFI UCITS IV implementation project – KID Q&A Document
2012-11-07 AMF amends General Regulation provisions on CIS and OPCIs
2012-11-07 AMF issues Instruction 2011-19 (procedures, KIID, UCITS)
2012-10-22 AIMA calls for depositary passport in UCITS V position paper
2012-10-22 IPE: Brussels should allow DC pensions to invest in illiquid funds – AREF
2012-10-19 ALFI's reply to the EC Consultation Document on UCITS
2012-10-19 IMA welcomes second EU retail fund passport and warns against imposing additional constraints on UCITS
2012-10-18 JAC Response to EC Consultation Document on UCITS
2012-10-18 ISLA responds to the European Commission's consultation on UCITS
2012-10-18 ICMA AMIC responds to EC Consultation Paper on UCITS
2012-10-18 EFAMA reply to EC Consultation on UCITS
2012-09-25 ESMA publishes a Q&A on KIID for UCITS
2012-08-22 FSA proposes to ban promotion of UCIS and similar products to ordinary retail investors
2012-08-15 Investment Europe: KPMG partner urges managers to heed UCITS V, despite regulatory fatigue
2012-08-01 Towards UCITS VI...The European Commission reopens UCITS debate
2012-07-24 BaFin: Asset encumbrance - What will happen to unsecured bank bonds?
2012-07-03 EBF: Europe's banks focus on UCITS Depositary functions
2012-07-02 IMA: New KIID and ongoing charges figure provide clarity for investors
2012-06-08 ESMA makes available lists of registers for investment firms, tied agents and UCITS management companies
2012-05-25 AMF completes incorporation of ESMA guidelines on risk measurement and calculation of global exposure for certain types of structured UCITS
2012-05-24 ALFI London Conference: Focus on UCITS, alternative funds and responsible investing
2012-04-11 ALFI UCITS IV implementation project
2012-04-11 IPE: ESMA consultation on UCITS, ETFs 'lacks clarity'
2012-04-05 FN: Five concerns over ESMA's ETF-UCITS consultation
2012-04-05 Hedgeweek: Managers not in favour of proposed securities lending reforms
2012-03-30 EBF comments on ESMA future guidelines on UCITS Exchange-Traded Funds and other UCITS-related issues
2012-03-30 ALFI's response to the consultation concerning ESMA guidelines on ETFs and other UCITS issues
2012-03-30 ICMA AMIC ETF Working Group submits response to ESMA consultation paper
2012-03-29 ABBL: Tax remains a major obstacle to implementation of UCITS IV in European Union
2012-03-22 ALFI comments on the ESMA Discussion Paper Draft Technical Standards for the Regulation on OTC Derivatives, CCPs and Trade Repositories
2012-02-13 EFAMA comments on US proposals to implement Volcker rule
2012-01-18 ALFI: Position Paper on the CSSF Regulation N° 10-4: Treatment of subscription and redemption orders under UCITS IV
2012-01-10 Catalogue of French statutory and regulatory measures applicable to the marketing of shares or units of foreign UCITS in France

Prior Years Reports

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.

UCITS - 200519 articles out of 19.

UCITS - 20046 articles out of 6.

UCITS - 20034 articles out of 4.

UCITS - 20022 articles out of 2.