• Service: Audit, Advisory, Tax
  • Industry: Financial Services, Fund Management
  • Type: Business and industry issue
  • Date: 3/19/2013

KPMG Executive Briefing - UCITS Management Companies 

UCITS funds have proven to be an outstanding European success with more than 35 000 funds representing nearly EUR 6 trillion being distributed to a significant number of countries throughout the world. The success is largely due to the robustness and adequacy of the legal framework that has allowed a dynamic industry to flourish.

The European authorities were keen to further enhance the efficiency of the UCITS framework by adopting the UCITS IV measures that aim at facilitating cross-border activities of UCITS funds. For instance, the UCITS IV Directive introduces the concept of a European passport for a UCITS management company whilst ensuring a common framework for
the organization and structure of such management companies throughout Europe. This framework, largely inspired from the MiFID Directive, applies to all UCITS management companies, regardless of whether the European passport is used or not, as well as to self-managed UCITS.

We are happy to provide you with an overview of the key requirements that UCITS management companies are subject to. Should you have queries on this topic, our UCITS professionals will be happy to discuss these with you.


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