Financial Services & Fintech

EU Parliament adopts UCITS V

30 Apr 2014

< 1 min read

On the 15 April 2014, the European Parliament adopted the amended Directive on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities as regards depositary functions, remuneration policies and sanctions (UCITS V).

The new rules will considerably strengthen the protection of investors with respect to manager remuneration, depositary eligibility, duties and liability.

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