UCITS IV EN

From UCITS I to UCITS IV

UCITS = U ndertakings for C ollective I nvestment in T ransferable S ecurities > Also called coordinated funds > Investment funds established and autorised in conformity with the requirements of directive 85/611/CEE (the UCITS directive)

UCITS IV Council Directive n o 2009/…/EC under implementation

UCITS III Council Directives n o 2001/107/EC & 2001/108/EC of 21/01/2002 Broadening of investment possibilities and of investment funds eligible for the product passport

UCITS I Council Directive n o 85/611/EEC of 20/12/1985

UCITS II Council Directive never implemented

UCITS V

Principles for European harmonisation in terms of investment funds, Product passport

Management company passport, improving the single market efficiency

Depository passport?

Possible impact of the AIFM Directive

5 > UCITS IV•01/10/09