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ARTICLE · 22 JANUARY 2014

UCITS V Proposal Directive

On 3 July 2012 the European Commission published a "Proposal for a Directive of the European Parliament and of the Council amending the UCITS IV Directive".

LuxembourgFinance and Banking

On 3 July 2012 the European Commission published a "Proposal for a Directive of the European Parliament and of the Council amending the UCITS IV Directive" (the "UCITS V Proposal Directive"). Wildgen, Partners in Law, published a short article " UCITS V - Proposal for a Directive" on the same date. Such UCITS V Proposal Directive was issued after the implementation by the member states of the so-called UCITS IV Directive1. Further amendments to the UCITS V Proposal Directive were adopted by the European Parliament on 3 July 2013.

Recently on 4 December 2013, the Permanent Representatives Committee agreed on behalf of the Council its own position on the UCITS V Proposal Directive.

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