Clarification Of The UCITS v Independence Rules, Priips Impacts And The Application Of ESMA's Opinion On Share Classes Of UCITS

Mondaq Business BriefingLuxembourg Articles in EnglishFinance and Banking (2017)

Linked as:

Extract


Clarification Of The UCITS v Independence Rules, Priips Impacts And The Application Of ESMA's Opinion On Share Classes Of UCITS

On 6 July 2017 the CSSF published the updated versions of its Frequently Asked Questions (FAQ) documents on the UCI Law.

This update was long awaited by the Luxembourg fund industry especially because it provides additional guidance on the independence requirements applying to the depositary bank and the management company (ManCo) of the UCITS laid down in Chapter 4 of the Commission Delegated Regulation (EU) 2016/438 of 17 December 2015 (Level 2).

New Section 5 on independence ...

See the full content of this document


ver las páginas en versión mobile | web

ver las páginas en versión mobile | web

© Copyright 2017, vLex. All Rights Reserved.

Contents in vLex Luxembourg

Explore vLex

For Professionals

For Partners