Politics & Regulation

UCITS should not be split, fund associations say


There could be unintended consequences of creating different categories of UCITS that could undermine the brand, according to fund associations responding to a discussion paper from the European Securities and Markets Authority into structured UCITS.

The Irish Funds Industry Association response to the ESMA consultation states that it does not support creating different types of categories of UCITS like ‘complex’ and ‘non-complex’.

It states: “UCITS are well recognised for being transparent, diversified and well structured funds which insulate investors from many of the credit and other risks inherent in other financial product platforms.

“Given this, we are not supportive