European Institute of Management and Finance | Undertakings for Collective Investment in Transferable Securities (UCITS)
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Undertakings for Collective Investment in Transferable Securities (UCITS)

Undertakings for Collective Investment in Transferable Securities (UCITS)

UCITS is a regulatory framework of the European Commission that creates a harmonized regime throughout Europe for the management and sale of mutual funds and they can be traced back to EU Directive of 20 December, 1985, the objective of which was to create a single European market for retail investment funds, while at the same time ensuring a high level of investor protection. UCITS funds can be registered in Europe and sold to investors worldwide using unified regulatory and investor protection requirements.

Cyprus has became one of the most cost-effective and advantageous jurisdictions for the establishment of investment funds, offering great opportunities for fund managers to structure and grow their business in Europe and beyond, making the jurisdiction one of the stronger hubs for Funds in the region.

Seminar Content:

  • The funds industry in Cyprus today
  • UCITS framework
  • What is a UCITS fund, when did they start, historical background
  • Rulebook, prospectus and other documents of the funds
  • Units, Types of funds, Management companies
  • European passport and freedom in services provision
  • Permitted investments
  • Custodian (depository), what is the custodian and why it is important to the investors
  • Existing legal framework, UCITS IV Directive, Law 78 (I) 2012
  • Basic provisions of the law
  • AML rules for UCITS
  • New legislation, What changed with UCITS V Directive
  • Changes in custodian’s role and responsibilities, in remuneration policy, in the sanctions framework
  • Why the new directive brought only these changes?
  • How investors’ rights are better protected and promoted?

Who should attend:

  • Funds Management
  • Investment Management
  • Investment Advisers
  • Fund Custodians
  • Fund Administration
  • Portfolio Management
  • Risk Management
  • Legal Professionals
  • Compliance OFficers

DATES: 8, 9 May

DURATION: 6 Hours

CPD UNITS: 6

LOCATION: Nicosia

TIME: 17:00 - 20:00

FEES: €150 + VAT

Registration Form

Download Registration Form

You can register by sending the completed registration form above to info@eimf.eu or via fax to 2227 4475. If you need help completing the form, please give us a call at 2227 4470

 

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at info@eimf.eu.

Instructor: Mr Alexis Kartalis

 

 

Mr. A. Kartalis was born in Athens in 1968. He graduated from the Department of Statistics of Athens University of Economics and Business (ex A.S.O.E.E) in 1991. In 2003 he got an MBA in Finance from ESCEM. He is a certified derivatives clearer.

He started his career from Citibank Athens, where he worked from 1994 till 197. From 1997 till 2012 he worked at BNP Paribas Securities Services Athens, initially as Head of Securities Operations and then as General Manager.

From September 2013 till today he works as General Manager in GMM Global Money Managers Ltd, a Cypriot mutual funds management company.

He is married and he has two children, while he systematically practices in long distance running