​Directive 2014/91/EU of 23 July 2014 on UCITS as regards depositary functions, remuneration policies and sanctions (“UCITS V Directive”) must be implemented by 18 March 2016. The UCITS V Directive clarifies the functions and liabilities of UCITS depositaries, provides the parameters for remuneration policies for UCITS management companies in order to limit excessive risk taking, and harmonises minimum administrative sanctions in respect of breaches of national provisions.

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Isabelle Lebbe

Isabelle Lebbe is a Partner in the Investment Management practice of Arendt & Medernach. She specialises in a wide range of investment funds with a focus on regulated funds. She advises clients on the corporate, regulatory and tax aspects of the creation, marketing and operation of investment funds and management entities. Isabelle also works with her colleagues in the litigation team on regulatory complaints and judicial proceedings involving regulated funds or their service providers. She has been a member of the Luxembourg Bar since 1999. Isabelle is a regular conference speaker. She is a chairman or member of a number of committees and sub-committees established by the Association of the...

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