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Technical Publications

UCITS IV - Rules of Conduct and the Challenges Facing Management Companies and Self-Managed Investment Companies

01 May 2011

Under the auspices of UCITS III, management companies ("ManCos") and self-managed investment companies ("SMICs") have been organised and maintained in accordance with the requirements of the Management Directive (Undertaking for Collective Investment in Transferable Securities Directive 2001/107) such that the board of directors are required to carry out eight key functions, being: decision taking, monitoring compliance, risk management, monitoring investment performance, financial control, monitoring capital, internal audit and supervision of delegates in the course of their management of the relevant UCITS.

This article was first published in AIMA Journal Q2 in May 2011.

For more information please see attached.