UCITS and Cross-Border Registration

The European investment funds industry has grown to be a major player in capital markets and has significant potential for growth in the years ahead. The most common type of investment funds in Europe are known as undertakings for collective investment in transferable securities, or UCITS. These account for 75% of assets under management in the fund industry in Europe and a growing percentage of assets under management in the fund industry worldwide. Against this background, this article discusses:

• The benefits, costs and intricacies of offering UCITS for sale globally
• Cross-border registration of UCITS within the EU
• Cross-border registration of UCITS outside the EU

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© This article was first published in the PLC Cross-border Investment Funds Handbook 2009 and is reproduced with the kind permission of the publisher, Practical Law Company.