The aim of the original legislation was to make authorisation of funds in one member state applicable in all others. The EU hoped that enabling this would be a step towards the bigger goal of creating a single market for financial services in Europe.
Since the legislation didn’t work in practice as had been intended, there have been successive updates to the original legislation. Working out the full implications of the successive UCITS regime continues to be a pressing issue for many firms.
SteelEye was launched to help firms Comply SmarterTM and provides firms with the tools to meet their UCITS requirements. Book a demo to learn more about how SteelEye can help you comply!