Good News for UCITS V Documentation Updates

With the UCITS V transposition date weeks away, the European Securities and Markets Authority (“ESMA”) has published a new UCITS Q&A which sheds welcome light on a number of UCITS V issues regarding documentation updates. Specifically, it sets out ESMA’s position regarding the timing, and in some cases the content, of updates to documentation arising from the UCITS V amendments regarding remuneration and depositary contracts. The UCITS Q&A also consolidates into a single document all ESMA’s previously issued Q&As on the UCITS Directive.

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