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Retail and institutional investors often choose UCITS investment funds for their savings. Luxembourg has developed into the domicile of choice for UCITS, as well as an ideal gateway for cross-border distribution. It was also the first country in the EU to implement UCITS IV into national law. Thierry Blondeau (picture), Partner at PwC Luxembourg, presented the first assessment of UCITS IV and also analysed UCITS V, recently disclosed by the European Commission.
The Undertakings for Collective Investment in Transferable Securities Directive, known as UCITS IV, has two main objectives: rationalising investment funds and operations on one side and enhancing investor protection. Thierry Blondeau, Partner at PwC Luxembourg says that the main idea was to have a toolbox where...
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