UCITS Handbook

The goal of this Handbook on UCITS is to provide a one-stop source for investors and asset managers, service providers, students, researchers, and practitioners to learn the necessary knowledge and analytical skills they need when setting up, managing and monitoring a UCITS fund.
This handbook intends to introduce systematically recent developments in different areas of UCITS through a multi-disciplinary approach.
The coverage is broad and thorough with a balance of theory and applications. Each chapter covering a special aspect of UCITS is edited by leading experts and practitioners in the area and covers state-of-the-art methods and theory of the selected topic.
The purpose of this UCITS handbook is to provide, in a clear format, a summary of the main aspects of each discipline that UCITS involves.

Contents

1. Setting up a UCITS Fund, Jerome Wigny and Celine Wilmet.
2. UCITS Management Companies, Jerome Wigny and Celine Wilmet.
3. Risk Management in the Context of UCITS IV, Thierry López and Benjamin Gauthier.
4. Counterparty, Issuer and Concentration Risk
Management for UCITS funds, Romain Berry.
5. UCITS – The Investment Limits, Andrew P. White.
6. UCITS Distribution, Mark Evans.
7. The UCITS Management Company and Delegation, Killian Buckley and Ciara O’Sullivan.
8. UCITS Taxation, Andre Pesch.
9. Alternative UCITS, Christian Szylar.

Introduction xiii
Christian SZYLAR

Chapter 1. Setting up a UCITS Fund 1
Jérôme WIGNY and Céline WILMET

Chapter 2. UCITS Management Companies 41
Jérôme WIGNY and Céline WILMET

Chapter 3. Risk Management in the Context of UCITSIV 77
Thierry LÓPEZ and Benjamin GAUTHIER

Chapter 4. Counterparty, Issuer and Concentration Risk Management for UCITS funds 127
Romain BERRY

Chapter 5. UCITS--The Investment Limits 185
Andrew P. WHITE

Chapter 6. UCITS Distribution 225
Mark EVANS

Chapter 7. The UCITS Management Company and Delegation 261
Killian BUCKLEY and Ciara O'SULLIVAN

Chapter 8. UCITS Taxation 285
André PESCH, Romain JACQUES and Ludovic DEFLANDRE

Chapter 9. Alternative UCITS 311
Christian SZYLAR

Bibliography 353

List of Authors 355

Index 357

Christian Szylar is currently Global Head of Risk and Performance Measurement in a global leading asset management company Marshall Wace LLP, London, UK.