Luxembourg newsflash – Implementation of the UCITS V Directive into Luxembourg law
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. To read the full newsflash, please click on the link below.
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.
To read the full newsflash, please click on the link below.
Contacts
Isabelle Lebbe
Partner