The European Commission has pushed back publication of the
draft UCITS V directive to the latter part of 2011.
The decision to delay publication of the UCITS V Directive,
which had been scheduled for July 2011, was taken because the
European Commission wants to include a new section on
sanctions, according to Regulatory Times, a 12-page report
published by PwC Ireland.
The PwC report states: Brussels will...