UCITS V: what fund managers need to do differently

The fifth iteration of the Undertakings for Collective Investment in Transferable Securities Directive (UCITS V) is a modest measure. Though it seeks to enhance investor protection, its measures add to the rules specified in UCITS IV rather than replacing or intensifying them. Its impact on fund managers and their propensity to launch UCITS funds, with the support of their fund administrators and custodian banks, will be commensurately light...

sumitrust_paper.pdf