The MFSA has issued a consultation document on the proposed
transposition of the UCITS V Directive.
Directive 2014/91/EU of the European Parliament and of the
Council of 23 July 2014 amending Directive 2009/65/EC on the
coordination of laws, regulations and administrative provisions
relating to undertakings for collective investment in transferable
securities (UCITS) as regards depositary functions, remuneration
policies and sanctions ('UCITS V') was published in the
Official Journal of the European Union on 28 August 2014.
UCITS V introduces new rules applicable to custodians of UCITS,
such as the entities eligible to assume this role, their tasks,
delegation arrangement and liability. Furthermore, it also
introduces general remuneration principles which will be applicable
to UCITS management companies.
