Undertakings For Collective Investment In Transferable Securities Directives
The Undertakings for Collective Investment in Transferable Securities, Directive 2001/107/EC and 2001/108/EC (UCITS) are a set of European Union Directives that aim to allow collective investment schemes to operate freely throughout the EU on the basis of a single authorisation from one member state. In practice many EU member nations have imposed additional regulatory requirements that have impeded free operation with the effect of protecting local asset managers.
Read more about Undertakings For Collective Investment In Transferable Securities Directives: Background, Management Directive, Product Directive, Developments
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