Undertakings for Collective Investment in Transferable Securities—timeline [Archived]


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Financial Services expert
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Undertakings for Collective Investment in Transferable Securities—timeline [Archived]


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Financial Services expert

Checklists
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ARCHIVED: This Practice Note is archived and is no longer maintained.

UCITS stands for undertakings for collective investment in transferable securities. The term originates from Directive (EC) 85/611 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (the Original UCITS Directive) which was adopted in 1985. The aim of the Original UCITS Directive was to create a single market for open-ended retail investment funds which afforded enhanced protection for investors.

The UCITS rules have been revised a number of times, with the introduction of the Management Company Directive 2001/107/EU adopted in 2002 and the Product Directive 2001/108/EU implemented in 2005 (together known as UCITS III), the implementation in 2011 of Directive 2009/65/EC (the UCITS Directive, also known as UCITS IV) which repealed and replaced the Original UCITS Directive, and Directive 2014/91/EU (UCITS V) which was transposed into national law on 18 March 2016.

DateSourceDocumentDescription
2026
31 December 2026HMT and FCAAnnouncement: HM Treasury to extend PRIIPs exemption for UCITS funds
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Jurisdiction(s):
United Kingdom
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