Clifford Chance
Legal regime of the depositaries under UCITS V
29 April 2014
On 15 April 2014, the European Parliament in a plenary session gave its final approval to the UCITS V Directive. Once it enters into force, Member States will have 18 months to transpose it into national law; however, depositories will have a longer transition period -42 months- to comply with the requirements.
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