UCITS Funds Face Regulatory Crackdown in EU, Spurred by Brexit

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UCITS Funds Face Regulatory Crackdown in EU, Spurred by Brexit

Postby kreslik.news » Wed Jul 05, 2017 8:44 am


The specter of Brexit could lead to the transfer of thousands of jobs from investment firms, due in part to a shift in regulations regarding jurisdiction and legality. Regulators are cracking down on ‘letterbox entities’, or UCITS funds, which are based in the European Union but run remotely from abroad – these funds will no longer be tolerated under new regulations, which could lead to another shift in personnel.

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Undertakings for Collective Investment in Transferable Securities (UCITS) are mutual funds based in the EU that can be sold to any investor within the bloc ... (read more)

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