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ARTICLE · 04 MAY 2010

Recent Legal and Regulatory Developments for Irish UCITS

In December 2009, the Committee of European Securities Regulators (CESR) issued its technical advice to the EU Commission on level 2 measures relating to mergers of UCITS, master-feeder UCITS structures and cross-border notification of UCITS.

IrelandFinance and Banking
Sarah Lyons
Sarah Lyons

Originally published April 2010

UCITS IV Update

In December 2009, the Committee of European Securities Regulators (CESR) issued its technical advice to the EU Commission on level 2 measures relating to mergers of UCITS, master-feeder UCITS structures and cross-border notification of UCITS. CESR also issued annexes setting out methodologies for the calculation of the synthetic risk and reward indicator and the ongoing charges figure in the key information document (KID) which is due to replace the simplified prospectus. The advice is issued in response to the third part of the EU Commission's request for advice on implementing measures for the UCITS IV Directive.

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