The European Parliament has published a press release announcing that it has approved the proposed UCITS V Directive. These new rules will still need to be officially endorsed by Member States, after which they will have 18 months to put them into effect.

Additionally, the European Commission has published FAQs on the UCITS V Directive.

View Small investors to be shielded against reckless risk taking by investment funds, 15 April 2014

View Greater protection for retail investors: Commission welcomes European Parliament adoption of strengthened European rules on UCITS, 15 April 2014

View Undertakings for collective investment in transferable securities – amended Directive (UCITS V): frequently asked questions, 15 April 2014