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UCITS V: Difference between revisions
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{{tag|UCITS V}} is the most recent iteration of the {{tag|UCITS}} directive, and can be found at {{eudirective|2014|91|EU}}. Has specific implications for {{tag|Depositaries}} and their {{tag|sub-custodian}}s (known in the legistlation as "delegates"). Much of this was prompted by Madoff. | {{tag|UCITS V}} is the most recent iteration of the {{tag|UCITS}} directive, and can be found at {{eudirective|2014|91|EU}}. Has specific implications for {{tag|Depositaries}} and their {{tag|sub-custodian}}s (known in the legistlation as "delegates"). Much of this was prompted by Madoff. | ||
Here's from an official EU idiot's guide to the legislation: | Here's from an official EU [http://ec.europa.eu/finance/investment/docs/ucits-directive/20120703-citizens-summary_en.pdf idiot's guide] to the legislation: | ||
===The Problem=== | ===The Problem=== | ||
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*minimum penalties across europe to be used when {{tag|UCITS}}, their managers or depositaries breach key requirements. | *minimum penalties across europe to be used when {{tag|UCITS}}, their managers or depositaries breach key requirements. | ||
See also | ==See also== | ||
*{{tag|UCITS}} | |||
*{{Sub-custodian}} | |||