ESMA Guidelines on ETFs and Other UCITS: What They Mean for Managers

September 11, 2012
The weeks leading up to the summer vacation saw a flurry of UCITS activity, including the publication of an ESMA report and guidelines on UCITS, the unofficial release of the draft UCITS V Directive and the publication of a consultation paper on UCITS VI, which, taken together, will significantly impact the UCITS landscape. This Dechert OnPoint, first in a series dedicated to these recent UCITS developments, examines ESMA’s Report and Consultation Paper issued in July, and considers the actions that should be taken by UCITS, their managers and boards in response to the Guidelines.