Undertakings for Collective Investment in Transferable Securities (UCITS)

The Undertakings for Collective Investment in Transferable Securities (UCITS) Directive was adopted in 1985, and aimed to offer greater business and investment opportunities for both asset managers and investors by integrating the EU market for investment funds. The UCITS Directive sets out a harmonised regulatory framework for investment funds that raise capital from the public and invests it in certain asset classes, providing high levels of investor protection and a basis for the cross-border sale of these funds. As one of the most asset important holders of investment assets in Europe, UCITS have a logical part to play in the context of both the development of investment activities across Europe but also as part of the broader Capital Markets Union (CMU) agenda.

ISLA has done considerable work with both policymakers and industry stakeholders to reflect the importance of UCITS to investment markets across Europe.

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ISLA Working Groups

ISLA runs a variety of standing and topic specific working groups for its members, covering all aspects of advocacy, tax, legal, regulation and best practice. These include SFTR, CSDR, Legal & Regulatory Broadcasts and Best Practice.

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