Undertakings for Collective Investment in Transferable Securities (UCITS)

The Undertakings for Collective Investment in Transferable Securities (UCITS) was first adopted in 1985. It aims to offer greater business and investment opportunities for both asset managers and retail investors, by integrating the EU market for investment funds. The current Directive (UCITS V) sets out a harmonised regulatory framework for cross-border distribution, supervision, delegation and passporting, depositaries, and remuneration. 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.