UCITS Funds

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This programme is available on in-company basis only. Please, call us for more information

Course Description

Learn how UCITS can help you achieve investment objectives, explore new products and market trends, and stay up-to-date with UCITS V & VI requirements.

This practical one day course is designed to provide an insight into the area of UCITS, showing how funds may select eligible assets and demonstrate how these instruments may be employed to achieve different investment objectives.

You will also have a chance to learn about the changes under UCITS IV directive which will further enhance the product range, distribution and management structure. 

You will learn about the key concepts of UCITS and UCITS IV, V & VI including the management company passport, cross-border distribution, mergers, master-feeder structures and key investor information.

 Both Irish and Luxembourg regulatory requirements are discussed.

 

What Will You Learn

By the end of this course you will have a solid understanding of:

  • The characteristics of UCITS, their structure and objectives
  • Main regulatory aspects
  • Pros and cons of UCITS for the fund management
  • Applying traditional instruments in the fund structure
  • Sophisticated and non-sophisticated funds
  • Value at risk in the UCITS context
  • Changes under the UCITS IV & V Directive
  • What to expect from UCITS VI

Main Topics Covered During This Training

Main topics covered: 

  • The key features of UCITS
  • The use and structure of UCITS 
  • Changes under UCITS IV, V & VI
  • Structuring UCITS and authorisation process in Luxembourg and Ireland 
  • Eligible assets in UCITS funds
  • The key features and applications of UCITS as an asset class
  • Main legal requirements
  • Governance, transparency, custody and depositaries
  • Application of equities, bonds, fund of funds derivatives, 130/30 and other instruments
  • UCITS Alternatives
  • Distribution of UCITS
  • Leverage and VaR
  • Use of UCITS for funds and hedge funds 

Who Should Attend

The course is relevant for Managers and Team Members from the

Asset and Fund Management, Investment Banking, Hedge Funds and Institutional Investors with the following background

  • Funds Management
  • Investment Management
  • Fund Administration
  • Portfolio Management
  • Structuring
  • Risk Management
  • Lawyers
Register Now

This programme is available on in-company basis only. Please, call us for more information

UCITS Funds - A One Day Programme
           
Session OneIntroduction to UCITS

  • What are UCITS?
  • UCITS I - VI
  • The European “Gold Standard”
  • Who sets them up?
  • The UCITS passport

 

Products

  • Plain vanilla
  • ETFs
  • UCITS Alternatives


The key features of UCITS

  • Asset classes/eligible assets
  • Liquidity
  • Diversification
  • Borrowings and leverage
  • Governance and transparency


Session Two: Structuring UCITS

  • Legal structures
  • Variable Capital Investment Company
  • Unit Trust
  • Common Contractual Fund
  • Key differences
  • Sub-Funds/Classes: assets/liabilities; distinguishing features
  • Subsidiaries


Session Three: Governance, Transparency and Custody

Governance and Transparency

  • Governance
  • UCITS Management Company
  • Self-Managed Investment Company
  • Two-Man Management / 8 Key Management functions
  • Liability and Responsibility
  • Capitalisation
  • Practical matters: reports, review, oversight


Custody & Depositaries

  • Custody
  • Sub-Custody
  • Independence
  • Trustee functions

 

Transparency

  • Participants
  • Promoter/Investment Manager
  • Periodic Reports
  • Annual Audit
  • Semi-Annuals
  • Monthly
  • Money Market Funds
  • ESD
  • Trustee Reports

 

Session Four: Distribution of UCITS

  • EU/EEA and beyond
  • Facts and Figures
  • Retail and Institutional
  • Consolidation
  • UCITS notification processes
  • Ex-EU/EEA
  • US/EU investors and master/feeder

 

Session Five: Eligible Assets and UCITS Alternatives

Eligible Assets

  • Principles
  • High level investment restrictions
  • Eligible Assets
  • Transferable Securities
  • Money Market Instruments
  • Index Trackers/Replicators
  • UCITS Funds of Funds
  • Cash
  • Financial Derivatives


UCITS Alternatives

  • Long/Short Equity Products
  • Absolute Return
  • Structured Products
  • Hedge Fund/Commodities Index Products
  • Loan Products


Session Six


Leverage and VaR

  • Borrowings v Leverage
  • High level principles
  • Sophisticated v Non-sophisticated
  • VaR:  Absolute/Relative
  • Hedging/Netting

 

Session Seven

Authorisation Process

  • Promoter Approval
  • Investment Manager Approval
  • Interaction with Regulator
  • Documentation List
  • Negotiation
  • Authorisation
  • Notifications and Launch


Questions and Answers

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Thank you for your interest in our company and your enquiry. We will contact you shortly.

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UCITS Funds <p><strong>Learn how UCITS can help you achieve investment objectives, explore new products and market trends, and stay up-to-date with&nbsp;UCITS V &amp;</strong>&nbsp;<strong>VI</strong><strong>&nbsp;requirements.</strong></p> <p>This practical one day course is designed to provide an insight into the area of UCITS, showing how funds may select eligible assets and demonstrate how these instrumen ... This programme is available on in-company basis only. Please