The fifth Undertakings for the Collective Investment in Transferable Securities (UCITS) Directive (“UCITS V”) of the European Union is to become effective tomorrow on 18th March 2016.
The new rules aim to further strengthen the interests of investors, but also make amendments with regard to remuneration and introduce administrative sanctions.
With less than 24 hours left there is little time left to get up to speed, but we have prepared an analysis of the key changes, which can be found here together with additional information on the Directive.