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ARTICLE · 17 MARCH 2014

UCITS V In Final Form – Investment Fund Managers Can Start Preparing

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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The final text of the UCITS V Directive is now agreed.

NetherlandsFinance and Banking

The final text of the UCITS V Directive is now agreed. Managers of UCITS can start making preparations by amending their remuneration policies and reviewing depositary arrangements in order to comply with these new rules. The rules are expected to be implemented by mid-2016.

UCITS V aims to amend current legislation in order to address discrepancies between national provisions regarding remuneration policies, depositaries' duties and liability and sanctions.

The provisions on remuneration policy, eligible depositaries and depositaries' duties will especially influence the day-to-day practice of UCITS and their managers. In addition, UCITS V unifies the sanctions for breaches.

Remuneration

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