UCITS definition

UCITS means an undertaking for collective investment in transferable securities established pursuant to the UCITS Regulations;
UCITS means an undertaking for collective investment in transferable securities within the meaning of the UCITS Regulations;
UCITS means an undertaking the sole object of which is the collective investment in Transferable Securities and/or other liquid financial assets permitted under the UCITS Regulations of capital raised from the public and which operates on the principle of risk-spreading and the units/shares of which are at request of the holders repurchased or redeemed directly or indirectly out of those undertakings’ assets. Action taken by a UCITS to ensure that the stock exchange value of its units/shares does not vary significantly from their net asset value shall be regarded as equivalent to such repurchase or redemption. Other liquid financial assets include cash deposits, financial derivative instruments, other Collective Investment Schemes and Money Market Instruments;

Examples of UCITS in a sentence

  • The Unitholders shall be informed sufficiently in advance (and in any case, in line with the requirements of the UCITS Act, at least 30 calendar days before the last dealing day on which a Unitholder can, at no additional cost, redeem, convert or transfer his or her Units (in accordance with the UCITS Act).

  • The Management Company may under particular circumstances, e.g. in connection with a restructuring involving another Sub-Fund of the UCITS or other funds or sub-funds managed by the Management Company or a company part of the same group as the Management Company, shorten Redemption Deadlines in relation to a specific Redemption Day and Sub-Fund, provided always that the interest of the non-redeeming Unitholders shall not be adversely affected thereby.

  • Neither any of the assets of the Sub-Funds that are part of the merger nor the Unitholders will be charged with the legal, advisory nor administrative costs associated with the preparation and execution of a UCITS merger.

  • The Management Company may, subject to the approval of the FMA, resolve to merge a Sub-Fund with another Sub-Fund of this UCITS or of another Undertaking for Collective Investments of Transferable Securities, independent of its legal form and irrespective of whether or not such other UCITS has its registered office in Liechtenstein.

  • In the event of liquidation or insolvency of the Management Company, the assets of the UCITS / Sub-Funds shall not form part of the insolvency estate of the Management Company and shall not be liquidated together with the Management Company’s own assets.


More Definitions of UCITS

UCITS means an Undertaking for Collective Investment in Transferable Securities established pursuant to EC Council Directive 2009/65/EC of 13 July 2009 as amended, consolidated or substituted from time to time.
UCITS means an Undertaking for Collective Investment in Transferable Securities under the UCITS Directive;
UCITS means an undertaking for collective investment in transferable securities established pursuant to the Regulations or, in the case of UCITS established in a Member State other than Ireland, the Directive;
UCITS means an undertaking for collective investment in transferable securities authorised in accordance with Article 5 of Directive 2009/65/EC.
UCITS means an Undertaking for Collective Investment in Transferable Securities established pursuant to EC Council Directive 85/611/EEC of 20 December 1985 as amended, consolidated or substituted from time to time.
UCITS means undertakings for collective investment in transferable securities.
UCITS means an undertaking for collective investment in transferable securities, as defined in the Regulations;