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.

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

Latest Course Updates

Course redesigned with a more modern feel
Full review conducted by an FCA expert
Text & image updates throughout the course

Course outline

Welcome

What is UCITS?

- The impact of Brexit

A brief history of UCITS

- UCITS V
- UCITS VI
- Exercise: UCITS V

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 Duties
- 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

Summary

Affirmation

Assessment

Course Specifications

Structure

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

Audience

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

Design

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

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.