Clifford Chance

European Depositary Regimes - A comparison of UCITS IV, UCITS V and AIFMD

9 September 2014

Another key piece of European asset management regulation will soon be in place as UCITS V enters into force on 17 September 2014.

UCITS V will amend the current UCITS regime to address perceived discrepancies across the European Union on the duties and liability of depositaries, remuneration policy and sanctions.

This briefing will focus on some of the key issues arising from the new depositary regime, comparing it to the current regime under UCITS IV and to the recently introduced depositary regime for alternative investment funds under the AIFMD.

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