With a mass of new regulation in train since the financial crisis, UCITS is seeing a resurgence of interest. Appleby’s Matthew Feargrieve charts the pros and cons of the investment product
Regulators and political bodies in the European Union and US are responding to the post-2008 financial world with legislation that will circumscribe the freedoms previously enjoyed by banks and fund managers. The Alternative Investment Fund Managers (AIFM) Directive in the EU, and the Hiring Incentives to Restore Employment (HIRE) Act and Frank Dodd Bill in the US, all unprecedented pieces of wide financial reform, have serious implications for financial institutions on both sides of the Atlantic.
