Financial Services Tax & Regulatory

New measures for open-ended public undertakings for collective investment against the consequences of the COVID-19 epidemic

29 April 2020

Summary The Royal Decree of 22 April 2020 aims to protect open-ended public undertakings for collective investment (“UCIs”) against the consequences of the COVID-19 epidemic and in particular protect the liquidity of such UCIs. UCIs that are confronted with redemption requests of their units have to sell, often at unfavourable prices, positions in their portfolios