The Permanent Representatives Committee recently agreed, on behalf of the EU Council, its position on the draft UCITS V Directive. The agreement enables negotiations with the European Parliament to start, with the aim of adopting the directive at first reading.
Although the Member States have agreed to support the general approach of the draft UCITS V Directive, certain Member States, including Ireland, have made declarations outlining their concerns in relation to sanctions, depositary liability and eligibility of entities to perform depositary functions.
The Member States expect the issues of concern to be revisited during negotiations with the European Parliament.
Contributed by James Phelan
Recommended Insights
Article and Insights
20
Oct 2010
A recent UK case has again illustrated the importance of ensuring that ‘cease and ...

Partner
Leo Moore
Article and Insights
6
Apr 2017
High burden for employers to discharge when trying to prove that employment was te...

Consultant
Deirdre O’Donovan
Article and Insights
8
Jul 2020
Gráinne Varian & Gerard James of our Litigation team discuss a number of issues we...

Partner
Gerard James
Article and Insights
7
Oct 2010
It is not uncommon in commercial contracts for a party to seek that its counterpar...

Partner
Leo Moore
Article and Insights
1
Jan 1970
It is not uncommon in commercial contracts for a party to seek that its counterpar...

Partner
Leo Moore
prev
next