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UCITS Compliance

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Featured Course

UCITS Compliance

Duration: One day

Course Overview

At the end of this course participants will be able to

• Describe the UCITS product
• Outline the key requirements and contents of the prospectus
• Describe the responsibilities of the investment manager, administrator, fund directors and trustee in relation to compliance
• Distinguish between eligible and ineligible assets
• Identify permitted financial derivative instruments
• Describe and apply the UCITS rules on investment restrictions and risk spreading
• Calculate global exposure and counterparty risk exposure according to the CESR Guidelines
• Apply the UCITS exposure limits
• Discuss the required contents of the risk management process document
• Outline on-going UCITS reporting requirements
• Discuss current regulatory and market developments affecting UCITS hedge funds

Course Content

• The UCITS Product
  • Development
  • Structure and types
  • Market
• Roles and responsibilities
  • The investment manager
  • The administrator
  • The fund/investment company directors
  • The trustee
• General requirements
  • Liquidity
  • Eligible assets & investment restrictions
  • Risk spreading rules
• CESR Guidelines on Risk Measurement
• Financial derivative instruments
  • Permitted FDI
  • Commitment approach
  • Value at Risk (VaR) approach
    • General principles
    • Quantitative and qualitative requirements
    • Additional safeguards and disclosures
    • OTC counterparty risk exposure
    • Cover rules
    • Risk management process
• Reporting
• UCITS IV
• Developments

Who should attend?

Experienced compliance professionals working with fund administrators, managers and trustees who require a greater understanding of the UCITS (Undertakings for Collective Investment in Transferable Securities) Regulations and how they should be applied in practice.
Fund professionals who require a greater understanding of the UCITS Regulations.

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