Eurozone Break-Up: Contingency Planning for UCITS

June 21, 2012
Over the last decade, the UCITS (Undertakings for Collective Investments in Transferable Securities) product has enjoyed tremendous success globally. In the face of economic uncertainty affecting the Eurozone in the midst of a sovereign debt crisis in one or more European countries, management and boards of UCITS should consider a variety of potential risks and scenarios as part of an effective risk management program. This update will highlight certain key considerations for UCITS to ensure they can react to a Eurozone crisis with maximum flexibility while complying with applicable regulatory requirements.