The Council adopted the UCITS IV directive.

22 July 2009

The Directive modernises the regulatory framework with key investor information, a passport for management companies and cross-border marketing and mergers.

 

 

 

Press release

 

 

The Council adopted a directive on undertakings for collective investment in transferable Securities (UCITS), following first-reading agreement with the European Parliament.
This directive seeks to update the regulatory framework applicable to European investment funds – (UCITS) – which represent a market of around EUR 5 000 billion.
 
The aim of the directive is to modernise the regulatory framework applicable to these financial products in order to:
 
Against this background, the text is aimed at fulfilling the following objectives: