UCITS IV 6 months onCan the Directive deliver on efficiency? |
Six months have passed since the effective date of UCITS IV on 1 July 2011. Now that the dust has settled, we take a look at the key UCITS IV provisions and how they have fared. The focus of the past six months has necessarily been on implementation rather than on any large-scale strategic decisions under UCITS IV. Mandatory requirements have actually increased compliance costs yet the streamlined notification process has begun to yield efficiencies for fund promoters launching cross-border funds. Attention is now gradually shifting back to UCITS IV’s key efficiency enhancing provisions as managers consider the strategic and operational implications. Can UCITS IV live up to the high expectations it raised with regard to generating efficiencies?
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