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UCITS DIRECTIVE ( UCITS I to UCITS IV) Reference document

13 juil. 2009 Introduction. The UCITS (Undertakings for Collective Investments in Transferable Securities) Directive of which the first version – UCITS I ...



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leay:block;margin-top:24px;margin-bottom:2px; class=tit wwwsecurities-servicessocietegeneralecomUCITS DIRECTIVE ( UCITS I to UCITS IV) Reference document

UCITS IV implementation date (transposition by Member States: 1 July 2011 Introduction The UCITS (Undertakings for Collective Investments in Transferable Securities) Directive of which the first version – UCITS I – dates back to 1985 generally aims to increase the efficiency of the single market by facilitating the free movement of UCITS



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Date d’entrée en application UCITS IV (transposition dans les Etats membres) : 1er juillet 2011 Présentation La Directive UCITS (Undertakings for Collective Investments in Transferable Securities) dont la première version UCITS I date de 1985 vise de manière générale à améliorer l’efficacité du marché unique en



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1 Company: either the designated UCITS III management company or the self-managed investment company 2 Board of Directors: the board of directors of the Company 3 Senior Management: the person or persons who effectively direct the business of the Company according to Article 5a 1(b) or Article 13a(1) second indent of the UCITS Directive 4



UCITS where we are now - assetskpmgcom

In 2014 the UCITS V directive was adopted by the European Commission focusing on harmonising the role and the liability of depositaries remuneration policies for UCITS managers and sanctions for breaches of UCITS legislation UCITS V will take effect from early 2016



Searches related to directive ucits ucits i à ucits iv société générale filetype:pdf

The UCITS Directive has been key to the successful development of the European market for investment funds However critics observe that improvements are necessary both to make existing provisions of the UCITS Directive more effective and to add new much-needed provisions to the Directive The procedure to market UCITS across Member

What is the UCITS V directive?

    The UCITS V Directive took legislative effect in August 2014, and in a further effort to improve the UCITS framework, the European Commission has proposed even more changes in a consultation on “Product Rules, Liquidity Management, Depositary, Money Market Funds, Long Term Investments” , more widely known as UCITS VI.

What is UCITS IV?

    In 2009 a new wave of amendments known as UCITS IV were approved, providing, among other things, for a management company passport, a revised noti?cation procedure for cross-border fund sales, the introduction of a Key Investor Information Document (KIID), the creation of master feeder structures and enhanced regulator cooperation.

What are the obligations of the UCITS?

    The UCITS must notify the regulator in the host member states of any changes or amendments to these documents, including any changes to the marketing arrangements for the units or any changes to the share classes being marketed. The UCITS must also inform the Central Bank if it ceases to market units in another member state.

Who approves the risk profile of the UCITS?

    The Board of Directors should approve the risk profile of each UCITS managed by the Company. In the initial definition of the risk profile of the UCITS, or in the event of its subsequent revision, the Board of Directors should be advised by the risk management function.
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