UK implementation of the UCITS Directive | Practical Law

UK implementation of the UCITS Directive | Practical Law

This note provides a high-level overview of the UK implementation of the UCITS Directive (2009/65/EC) (known as UCITS IV), which was implemented in the UK on 1 July 2011 by way of the Undertakings for Collective Investment in Transferable Securities Regulations 2011 (SI 2011/1613) (UCITS Regulations 2011) and changes to the FCA Handbook. It also discusses the introduction of tax transparent funds (TTFs) or authorised contractual schemes (ACS) in the UK.

UK implementation of the UCITS Directive

Practical Law UK Practice Note 7-505-4409 (Approx. 20 pages)

UK implementation of the UCITS Directive

by Practical Law Financial Services
Law stated as at 31 Dec 2020 • United Kingdom
This note provides a high-level overview of the UK implementation of the UCITS Directive (2009/65/EC) (known as UCITS IV), which was implemented in the UK on 1 July 2011 by way of the Undertakings for Collective Investment in Transferable Securities Regulations 2011 (SI 2011/1613) (UCITS Regulations 2011) and changes to the FCA Handbook. It also discusses the introduction of tax transparent funds (TTFs) or authorised contractual schemes (ACS) in the UK.
For details of how the regime for UK UCITS and their managers functions in the UK since the end of the Brexit transition period, see Practice note, UK regime for UCITS.