Ucits IV: Passports Pending

Andrew Dollery, Newedge

The European Undertakings for Collective Investment in Transferable Securities (Ucits) Directive was adopted in 1985 with the aim of creating a single European Union market for investment funds, laying down a set of regulatory requirements that investment funds had to comply with in order to be eligible for sale across borders within the EU. Since then, Ucits-compliant funds have grown into a global brand, with approximately 40 percent of these now sold outside the EU, with Asia comprising the

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