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| previous | undertaking for collective investment in transferable securities - collezione «Finanza: Fondi comuni di investimento» - Alessio Armandi | next |
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Finanza: Fondi comuni di investimento
| English |
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| 5 |
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| Noun phrase |
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| UCITS |
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| undertaking, the sole objective of which is the collective investment in transferable securities of capital raised from the public and which operateson the principle of risk-spreading; at the request of holders, the units of such undertakingare re-purchased or redeemed, directly or indirectly, out of the undertaking´s assets. |
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| EU-85-611 |
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| [...] whereas pending such coordination any Member State may, inter alia, prescribe those categories of undertakings for collective investment in transferable securities (UCITS) excluded from this Directive’s scope on account of their investment and borrowing policies and lay down those specific rules to which such UCITS are subject in carrying on their business within its territory. [...] |
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| EU-85-611 |
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| unit trust, Open-Ended Investment Company |
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| Organismus für gemeinsame Anlagen in Wertpapieren |
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| organismo d’investimento collettivo in valori mobiliari |
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| UCITS do not cover funds investing in futures and options or property, even when these are allowed within the UK authorisation structure. |
