European based Undertakings for Collective Investment in Transferable Securities (“UCITS”) are recognised worldwide as funds offering a high level of protection to investors and the possibility for cross-border marketability not only in the European Union but also in many other countries in Asia, the Middle East and South America.
In this context, asset managers domiciled in Asia such as the People’s Republic of China (“PRC”), Hong Kong, Japan, Korea, Singapore or Taiwan have set up UCITS to expand their marketing to investors in Europe, Asia, the Middle East and South America.
The objective of this training is to provide the attendees with a detailed analysis on key sections of the UCITS regulation that are specifically relevant to non-EU based managers and provide expert insight on the practical implications of the UCITS regulation to managers which are willing to distribute their products in the EU, based on the UCITS passport.
Other aspects covered by the trainers will include, the evolution of UCITS rules in particular under UCITS V, which will include the depository regime and remuneration rules as well as a number of Level 2 regulation issued by the European Securities and Markets Authority (“ESMA”) in relation thereto.
Various models used to manage the challenges under UCITS rules are going to be reviewed including possibilities under Luxembourg law.