Asset Management & Investment Funds Publications - UCITS


ESMA final Opinion on UCITS share classes
On 30 January 2017, ESMA published its long awaited opinion on the use of share classes in a UCITS investment fund in response to the ESMA Discussion Paper on Share Classes of UCITS (the Opinion). The Opinion was issued due to diverging approaches taken by regulators across the European Union and focusses on the extent to which different types of share classes of the same UCITS sub-fund may differ from one another.

Detailed Analysis of UCITS Remuneration Provisions
On 23 July 2015 the European Securities and Markets Authority (ESMA) published a consultation paper in respect of its guidelines on sound remuneration policies under the UCITS Directive and AIFMD (the CP). This consultation closed in October 2015.

Money Market Reform
Regulation (EU) 2017/1131 of the European Parliament on MMFs (the MMF Regulation) was published in the Official Journal of the European Union on 30 June 2017.

UCITS V - Spotlight on the Depositary
UCITS V is set to be transposed into law by 18 March 2016 and clients are now beginning to plan and prepare for its impact from a depositary perspective.

Detailed Analysis of Central Bank UCITS Regulations 2015 
On 5 October 2015 the Central Bank of Ireland (Central Bank) published new Central Bank UCITS Regulations which will commence on 1 November 2015 (CB UCITS Regulations).

UCITS - Remuneration Guidelines 
ESMA have published their much-awaited consultation on guidelines on the UCITS V remuneration requirements.