Regulatory Alerts2008-02-08
Grand-ducal Regulation of 8 February 2008 on UCITS Definitions
The Grand Duchy of Luxembourg issued this regulation to implement Commission Directive 2007/16/EC and clarify specific definitions within the amended Law of 20 December 2002 on undertakings for collective investment. The text establishes precise legal definitions required for the coordination of laws relating to undertakings for collective investment in transferable securities. This regulatory measure ensures alignment with European Union standards regarding the operational and structural parameters of UCITS funds.
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