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UCITS: Difference between revisions
→UCITS V
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===UCITS V=== | ===UCITS V=== | ||
On 23 July 2014 the {{tag|European Union}} adopted {{eudirective|91 | On 23 July 2014 the {{tag|European Union}} adopted {{eudirective|2014|91|EU}} on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities ({{tag|UCITS}}) as regards depositary functions, remuneration policies and sanctions. | ||
This directive introduces new rules on UCITS depositaries, such as the entities eligible to assume this role, their tasks, delegation arrangements and the depositaries’ liability as well as general remuneration principles that apply to fund managers. | This directive introduces new rules on UCITS depositaries, such as the entities eligible to assume this role, their tasks, delegation arrangements and the depositaries’ liability as well as general remuneration principles that apply to fund managers. | ||