Understanding UCITS


Understanding UCITS

The terminology used in the financial world can be confusing and you may have seen securities funds variously referred to as “open-ended funds&#...

European directives

The acronym “UCITS” refers to a series of European Union directives that established a uniform regulatory regime for the creation, managem...

UCITS IV

The latest version of the UCITS directive, UCITS IV, was agreed by the EU in 2009 and takes effect as of July 1, 2011. The changes it will bring are m...

Luxembourg’s legislation and regulations

Luxembourg was the first EU country to pass the UCITS legislation into national law in 1988, which helped it develop into a major centre for investmen...

UCITS funds and tax

Investment funds in Luxembourg pay an annual subscription tax that ranges from 0.01 to 0.05 per cent of their net assets (certain types of fund, mainl...

Luxembourg’s fund industry

Luxembourg has been a major fund centre for more than 20 years. In fact, measured in terms of the value of fund assets, it is the biggest centre for f...