Clifford Chance
Remuneration policy of management companies 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.
UCITS V focuses mainly on three areas: the legal regime of the depositaries, the sanctions regime and lastly, the remuneration policy of management companies which is analysed in this note.
