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ARTICLE · 12 SEPTEMBER 2014

UCITS V Directive: Impact Assessment - 3 September 2014

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On 28 August 2014 the text of the UCITS V Directive (2014/91/EU) was published in the Official Journal of the EU.

European UnionFinance and Banking

On 28 August 2014 the text of the UCITS V Directive (2014/91/EU) ("UCITS V") was published in the Official Journal of the EU ("OJ"). The Directive was adopted by the European Parliament and the Council of the EU on 15 April 2014 and 23 July 2014 respectively. The Directive will come into force 20 days after publication in the OJ (that is, on 17 September 2014). Member States must transpose it into national law by 18 March 2016.

This marks a further revision to the regime for Undertakings for Collective Investment in Transferable Securities ("UCITS") and is aimed specifically at enhancing certain measures within the UCITS framework, particularly in relation to investor protection. 

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