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ARTICLE · 07 DECEMBER 2015

UCITS V – MFSA Issue Consultation On Transposition

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The consultation process will run until the 15th January 2016 wherein the MFSA will consider all comments received from stakeholders.

MaltaFinance and Banking
Kurt Hyzler
Kurt Hyzler
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The MFSA has today launched a consultation process on the transposition into Maltese law of Directive 2014/91/EU of the European Parliament and of the Council of 23 July 2014 which is known as UCITS V.

This consultation process has been launched further to the publication of UCITS V in Official Journal of the European Union on the 28 August 2014 and ahead of the EU wide transposition deadline of the 18th March 2016.

UCITS V in a nutshell

UCITS V introduces the following matters which make the UCITS requirements align with those found under AIFMD:

  1. new rules applicable to custodians of UCITS funds, such as the entities eligible to assume this role, their tasks, delegation arrangement and liability; and

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