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 launch a public consultation on UCITS sanctioning regimes in the near future. UCITS V will focus on investor protection. It is expected to introduce remuneration and depository measures in line with