Events listed in Undertakings for Collective Investment in Transferable Securities Directive (UCITS Directive)
[ESMA34-43-392] Q&A on the application of the UCITS Directive
ID 23720
ESMA published an updated Q&As on the application of the UCITS Directive. Specifically, ESMA added four questions in Section I and IVs (the following text is quoted): #### Section I: General Question 8: Management of AIFs and pension schemes by UCITS management companies: – **Question 8a: Pursuant to Article 6(2) of the UCITS Directive, are UCITS management companies allowed to manage AIFs as a ...
IZFiA opublikowała „Standard w zakresie pobierania opłat za wyniki (success fee) w ...
ID 22495
On March 28, 2023, the Polish Financial Supervision Authority (KNF) released a press release to announce that the Chamber of Fund and Asset Management (IZFiA) published the „Standards on charging performance fees (success fee) in certain types of Closed-End Investment Funds“ which was previously consulted with the KNF. According to the KNF, the „Standards“ are in line with the [Guidelines on performance fees in ...
W sprawie Altus TFI WSA orzekł na korzyść KNF
ID 22111
The Polish Financial Supervision Authority (KNF) published a press release to inform that the Provincial Administrative Court of Warsaw (WSA) has confirmed the decision of the KNF concerning a fine of PLN 2,375,000 which was imposed on Altus TFI SA by the KNF in 2019. The decision was previously appealed by the company. Specifically, the KNF had imposed such fine due to violations of ...
[ESMA34-43-392 ] Q&A on the application of the UCITS Directive
ID 21729
The European Securities and Markets Authority (ESMA) has published an updated Questions and Answers (Q&As) on the application of the UCITS Directive. Specifically, ESMA added one new question in Section I of the document relating to general (the following text is quoted): **Question 5e: Article 52(1)(b) of the UCITS Directive requires a UCITS not to invest more than 20% of its assets in deposits ...
New consolidated version: Directive 2009/65/EC of the European Parliament and of ...
ID 21397
A new consolidated version of the Undertakings for Collective Investment in Transferable Securities Directive, UCITS Directive (Directive 2009/65/EC) was published in the Official Journal (OJ) of the EU. The version includes changes made by Directive (EU) 2021/2261. In particular, the UCITS Directive has been amended to prevent that EU UCITS that are sold as packaged retail and insurance-based investment products (PRIIPs) to investors will ...