UCITS

Overview

We act for a substantial number of investment fund and financial product providers including stand-alone fund management houses and the investment arms of integrated houses. Our work includes fund formation and restructuring, as well as advice on product design and the regulatory and tax issues which are integral to this area.

We have completed the formation of numerous UCITS (unit trusts and OEICs), many programmes of conversions to UCITS III and COLL, and the migration and amalgamation of funds between different jurisdictions.

We assist clients with cross-border registration of UCITS funds both into the UK and other Member States of the EEA, and we advise generally on marketing of UCITS funds in the UK. We are keeping a close watch on the development of "UCITS IV" and the Alternative Investment Fund Managers Directive, which will have an indirect effect on UCITS. We are also exploring the potential for running hedge fund strategies through UCITS funds.

We also advise on a number of related regulatory matters such as conduct of business rules, client and product documentation and regulatory capital.

Well known clients include Aberdeen, Fidelity, Invesco, Old Mutual and Skandia.

Recognition

  • "'Excellent - Macfarlanes is a super firm with a first-class team'."

    Chambers UK 2015

  • "The firm has expanded its practice in recent years and commentators described the firm's 'prominent position' in the market."

    Who's Who Legal 2015

  • "This firm is prominent in open-ended retail funds, including UCITS."

    Chambers UK 2011

Related Practice Areas