UCITS is the abbreviation of European Union's securities collective investment plan. UCITS fund is a fund that only invests in negotiable securities, and the holder makes subscription and redemption with the net value of the fund unit. 20 16 bank of China established BOC (Europe) UCITS SICAV in Luxembourg, and issued UCITS fund in Luxembourg based on this fund company.

Luxembourg is the first country in Europe to implement UCITS directive, and it is also the largest registered place of UCITS fund in the world. UCITS fund can be an independent fund or an umbrella fund. UCITS fund is widely used in the eu.

Requirements for approval of UCITS funds: Only the directors of fund managers and fund custodians have a good reputation and sufficient experience in performing their duties can the regulatory authorities give approval. Changes in the fund manager, custodian, fund rules and articles of association must be approved by the regulatory authorities.

The assets that UCITS can invest in are: convertible securities, closed-end funds, money market tools, open-end funds, financial derivatives, embedded derivatives, deposits and other professional investment tools. 198565438+February, European institutions released UCITS 1.

UCITS management company should be approved by CSSF and supervised by CSSF to meet certain capital requirements and be able to manage conflicts of interest. Have work experience and personal reputation requirements for directors.

The above is Bian Xiao's sharing of ucits fund. More information can focus on the construction industry and share more dry goods.