Continued and continuous updating and upgrading of the UCITS directive has led to a blizzard of change, leaving much of the industry unclear on what new features have come into play, what might come into play and what now won’t come into play. Where is UCITS going? Will UCITS continue to be a desirable regime when the AIFMD comes into force? How easily can consumers hope to understand what the industry struggles to keep up with? With so many fund managers using UCITS as their main retail offering, the future of this directive is of some consequence.
On completion of this course, you will gain an understanding of:
- the new requirements for depositaries of UCITS
- how the Remuneration Code will be applied to UCITS managers
- what enforcement measures the European Commission has in mind
- proposals for further enhancement to UCITS, including
- the possibility of a depositary passport
- additional requirements for money market funds
- the UCITS’ investment in ‘social business’.