The Council of the EU has published a press release announcing that, in its configuration as the General Affairs Council, it has adopted the UCITS V Directive. This is the version as at 16 July 2014.
The Directive will enter into force on the twentieth day following the date of its publication in the Official Journal of the European Union (OJ). Member States will have 18 months to transpose the Directive into national law, and depositories will be given an additional 24-month transition period after the transposition deadline.
View Council adopts new rules on investment funds, 23 July 2014
View Directive of the European Parliament and of the Council amending Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) as regards depositary functions, remuneration policies and sanctions, 16 July 2014