The next wave of UCITS is upon us, UCITS IV outlines new enhancements to the current UCITS regime in the following areas -
Simplification and improvement of the rules on notification for marketing in other Member States.
Introducing formal procedures for fund mergers introducing the UCITS Master-feeder structure.
Replacing the Simplified Prospectus with Key Investor Information.
Introduction of the “full management company passport” (“MCP”).