Financial Services Tax & Regulatory

Bill transposing the UCITS V Directive has been submitted to the Belgian Chamber of Representatives

7 December 2016

On 2 December 2016, a Bill was submitted to the Belgian Chamber of Representatives to transpose Directive 2014/91/EU on undertakings for collective investment in transferable securities (UCITS V or the Directive)(1). The Directive revises the UCITS Directive(2) in relation to depositary functions, remuneration policies and sanctions. Transposing UCITS V The Directive introduces new rules on undertakings for