License: Licence agreement concerning inclusion of doctoral thesis in the Institutional Repository of the University of LeidenInvestor Protection Regulation • February 22nd, 2016
This chapter deals with the second research question of this book: ‘How are EU and US funds available to EU retail investors currently regulated relating to the protection of investors?’. However, where the research question concerns the regulations applying to both EU and US funds, this chapter only considers the EU investor protection law applying to funds that offer their shares to EU investors or that could be indirectly of relevance to them. It will firstly set out the scope of the (passport) activities of the two categories of funds regulated under EU law, UCITS and AIFs, and the general criteria assessing whether or not a particular fund qualifies as either a UCITS or AIF (sections
