Allowing UCITS funds to be freely tradable across the EU
An Undertaking for Collective Investment in Transferable Securities (UCITS) is an investment fund that invests in liquid assets and can be distributed publicly to retail investors across the EU. The UCITS Directive, originally adopted in 1985, allows these funds to be freely tradable across the EU based on the regulatory authorisation of one member state.
While the original legislation did not achieve the intended outcomes, there have been several iterations since, with the latest (UCITS V), being adopted by the EU in 2014.
