UCITS IV definition

UCITS IV means Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as amended, supplemented, consolidated or otherwise modified including any supplementing European Commission delegated regulations in force from time to time;

UCITS IV means Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities including any supplementing European Commission delegated regulations in force from time to time;"UCITS V" means Directive 2014/91/EU of the European Parliament and of the Council of 23 July 2014 amending Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities as regards depositary functions, remuneration and sanctions as amended from time to time and including any supplementing European Commission delegated regulations in force from time to time;"United States" and "U.S. "means the United States of America (including the States, the District of Columbia and the Commonwealth of Puerto Rico), its territories, possessions and all other areas subject to its jurisdiction;"U.S. Dollars", "Dollars" and"$"means the lawful currency of the United States;"U.S. Person"means a U.S. Person as defined in Regulation S under the United States Securities Act of 1933 and CFTC Rule 4.7;"Valuation Point"means the time on or with respect to the relevant Dealing Day by reference to which the Net Asset Value of a Fund and the Net Asset Value per Share are calculated as is specified in the Supplement forthe relevant Fund.

Examples of UCITS IV in a sentence

• In establishing this policy, the Board of Directors takes into account all elements pertaining to the Management Company’s strategy, the risk-taking strategy, and the nature, scale and complexity of the Company’s activities.Pursuant the introduction of UCITS V Directive paragraph 13, amending article 69 paragraph 1 of UCITS IV Directive, and the Law of 2016, art.

• Further details are provided free to investors who request them to the Management Company; the procedures for managing conflicts of interest are available on the website of the Management Company (www.adepa.com).Furthermore, in accordance with the provisions of the first paragraph of Article 69 of the UCITS IV Directive as amended by the UCITS V directory, a summary of the Management Company’s Remuneration Policy is available on its website (www.adepa.com) and a printed copy can be obtained upon request.

• The fund rules consist of fund-specific rules and common rules based on the UCITS IV Directive.

• When calculating the risk limits stated in article 52 of the UCITS IV Directive as amended by the UCITS V Directive for a specific Sub-Fund (list of percentages stated in the Management Regulations – section Risk Diversification rules –), such calculation will always be combined with the risk exposures to a counterparty arising from any OTC financial derivative transaction.

• The Management Company is authorised by the CSSF as a management company subject to Chapter 15 of the Luxembourg Law of 17 December 2010 on undertakings for collective investment, implementing UCITS IV directive 2009/65/EC into the Luxembourg law (the 2010 Law).

• Sanlam Asset Management is authorised and regulated by the Central Bank of Ireland as a UCITS IV Management Company and an Alternative Investment Fund Manager, and is licensed as a Financial Service Provider in terms of Section 8 of the South African FAIS Act of 2002.

• In 2005 he was appointed by the Irish government as the fund industry’s expert to CESR in Rome and Paris, giving testimony on the development of Level 2 measures under UCITS III and UCITS IV over a five year period.

• Pursuant the introduction of UCITS V Directive paragraph 13, amending article 69 paragraph 1 of UCITS IV Directive, and the Law of 2016, art.

• The Manager has remuneration policies and practices in place consistent with the requirements of the UCITS Regulations and the ESMA Guidelines on sound remuneration policies under UCITS IV (“ESMA Remuneration Guidelines”).

• As an example, the UCITS IV Directive did not address the issue of local translation of the KIID containing a cross-reference to the main prospectus not translated.