EU Parliament adopts UCITS V

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.

For further information about how GVZH Advocates can help you with any advice in connection with any of these activities, kindly contact us here.