The Malta Financial Services Authority (MFSA) issued a
consultation document on the proposed transposition of the UCITS V
Directive. This consultation documents explains how the MFSA plans
to transpose the provisions of the Directive.
The new regulations introduced by UCITS V apply to custodians of
UCITS, including entities acting as such. As a result, the tasks,
delegation arrangement and liability of such entities are also
subject to these rules. In addition, the rules introduce general
remuneration principles applicable to companies that manage
UCITS.
The Directive 2014/91/EU of the European Parliament and the
Council, dated 23rd July 2014 (UCITS V) was published on the
Official Journal of the European Union. This Directive amends
Directive 2009/65/EC on the coordination of laws, regulations and
administrative provisions relating to UCITS with respect to
depository functions, remuneration policies and sanctions.
