UCITS Course

Undertakings for the Collective Investment in Transferable Securities (UCITS) Directive aims to offer asset managers and investors greater business opportunities by integrating the EU market for investment funds.

A series of UCITS directives outlines a regulatory framework for investment funds. Specifically for funds raising capital from the public and investing it in certain asset classes. This provides a high level of investor protection.

Our UCITS Course provides an overview of this regulation, including the UCITS V Directive and its implications for managers and depositaries.

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UCITS

About this Course

Available as part of our FCA Course Library.

Learning Objectives

This course will prepare your employees to:

  • Explain the purpose and impact of the UCITS Directive
  • Comply with the rules relating to depositaries
  • Recognise the objective reasons for delegating to a depositary
  • Appreciate the consequences for any breach of the rules relating to UCITS

Course outline

Welcome

What is UCITS?

A brief history of UCITS

- UCITS V
- Exercise: UCITS

Implications of Depositaries

- Exercise: Implications of Depositaries

Independence of the depositary from the UCITS manager

Depositary duties

- Safekeeping & functions
- Implications for Depositaries
- Reuse of assets
- Cash flow monitoring
- Delegation of Depositary Duty
- Conditions for delegation
- Disclosure
- Annual report

Depositary liability regime

Investors' rights of action against the depositaries

Remuneration Code

The principles

Remuneration rules

- Exercise: Remuneration rules

Regulatory Sanctions

- Exercise: Sanctions

Transitional arrangements

Summary

Affirmation

Assessment

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Course Specifications

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Structure

Approximately 30-minute long e-learning course followed by a 10-question assessment.

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Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

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Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

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Test-Out

Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply bypassing the assessment.

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Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

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Tailoring

Fully customisable on Skillcast Portal CMS.

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Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

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Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.