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单词 undertakings_for_collective_investments_in_transferable_securities_ii
释义
Undertakings for Collective Investments in Transferable Securities II (UCITS II)
In the early 1990s attempts were made to amend the 1985 Directive and more successfully harmonize laws throughout Europe, since several obstacles become apparent in following UCITS I. Individual marketing rules in each Member State created obstacles to crossborder marketing of UCITS. The limited definition of permitted investments for UCITS also weakened the marketing possibilities of a UCITS. Attempts to reform UCITS in the 1990s faltered and it was not until the introduction in 2001 of Directive 2001/108/EC (generally known as the "Product Directive") and Directive 2001/107/EC (generally known as the "Management Directive") that substantive change was eventually introduced (the Product and Management Directives are UCITS III).
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更新时间:2025/2/23 20:05:35