UCI Law definition

UCI Law means the Luxembourg law of 17 December 2010 on undertakings for collective investment, as may be amended from time to time.

UCI Law means the undertakings for the collective investment legal framework, published by Lawno. 16/2015, of 24 February, as amended from time to time;

UCI Law means the Open-Ended Undertakings for Collective Investment (UCI) Law of 2012 as may be amended from time to time. “Ultimate Beneficial Owner” or “UBO” means any natural person who ultimately owns or controls the customer and/or the natural person on whose behalf a transaction or activity is being conducted and includes atleast:(a) in the case of corporate entities:the natural person who ultimately owns or controls a corporate entity through direct or indirect ownership of a sufficient percentage of the shares or voting rights or ownership interest in that corporate entity, including through bearer shareholdings, or through control via other means, other than a company listed on a regulated market that is subject to disclosure requirements consistent with European Union law or subject to equivalent international standards which ensure adequate transparency of ownership information.

Examples of UCI Law in a sentence

• It has been accepted for inclusion in UC Irvine Law Review by an authorized editor of UCI Law Scholarly Commons.

• The investments of each Sub-fund must comply with the provisions of the UCI Law.

• Exposures arising from the reinvestment of collateral received by the Sub-fund shall be taken into account within the diversification limits applicable under the UCI Law.

• If the short-term bank deposits referred to in (a) are likely to expose each Sub-fund to a credit risk vis-à-vis the trustee, the Fund must take this into consideration for the purpose of the limits on deposits prescribed by article 43 (1) of the UCI Law.

• The Auditor will inspect the accounting information contained in the Annual Report and fulfil other duties prescribed by the UCI Law.

• The Management Company is approved as a management company regulated by chapter 15 of the UCI Law and is subject to any implementing regulations, circulars or positions issued by the CSSF.

• The Board of Directors will decide on the effective date of any merger of the Fund with another UCITS pursuant to article 66 (4) of the UCI Law.

• Each year the general meeting of shareholders will decide, based on a proposal from the Board of Directors, for each Sub-fund and for Distribution Shares on the use of the Fund's Distributable Cash (as defined below) within the limits provided by the UCI Law.

• Whenever the capital falls below two thirds of the minimum capital as provided by the UCI Law, the Board of Directors must submit the question of the dissolution of the Fund to the general meeting of shareholders.

• The Board of Directors will decide on the effective date of any merger of the Company with another UCITS pursuant to article 66 (4) of the UCI Law.

More Definitions of UCI Law

UCI Law means the Open-Ended Undertakings for Collective Investment (UCI) Law, N.78(I)/2012, as amended from time to time and the directives, regulations, circulars issued pursuant to it from time to time.