European Communities (Undertakings For Collective Investment in Transferable Securities) Regulations 2003
Statutory Instruments
Source: Statutory Instruments

num: 1
paragraphs: Citation.
num: 2
paragraphs: Interpretation.
PART II
SCOPE
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paragraphs: Scope.
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paragraphs: Restriction of Unit Trusts Act 1990.
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paragraphs: Prohibition on conversion of UCITS into undertaking not subject to Directive.
PART III
COMPETENT AUTHORITY
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paragraphs: Bank to be competent authority.
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paragraphs: Liability of Bank.
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paragraphs: Publication of names of authorised UCITS.
PART IV
AUTHORISATION OF UCITS
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paragraphs: Situation of UCITS.
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paragraphs: Prohibition on UCITS carrying on activities in the State without authorisation.
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paragraphs: Requirements for authorisation.
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paragraphs: Approval of Bank necessary for subsequent changes.
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paragraphs: Applications for authorisation.
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paragraphs: Refusal of authorisation and right of appeal.
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paragraphs: Right of appeal of UCITS situated in another Member State.
PART V
UNIT TRUSTS AND COMMON CONTRACTUAL FUNDS
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paragraphs: Management company.
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paragraphs: Prohibition on management company engaging in other activities.
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paragraphs: Assets of a unit trust or common contractual fund.
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paragraphs: Trustee.
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paragraphs: Obligations of trustee.
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paragraphs: Liability of trustee.
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paragraphs: Prohibition on a single company acting as management company and trustee.
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paragraphs: Ownership of assets of UCITS established as unit trust or common contractual fund and liability of unit-holders.
PART VI
INVESTMENT COMPANIES
Chapter 1
Investment Companies with Fixed Capital
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paragraphs: Application of chapter 1.
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paragraphs: Share capital.
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paragraphs: Name.
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paragraphs: Issue of redeemable preference shares.
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paragraphs: Restriction of Companies Acts.
Chapter 2
Investment Companies with Variable Capital
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paragraphs: Application of chapter 2.
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paragraphs: Share capital.
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paragraphs: Name.
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paragraphs: Enabling provision regarding purchase of own shares.
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paragraphs: Repurchase of shares at request of shareholder and treatment of repurchased shares.
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paragraphs: Legal reserve.
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paragraphs: Restriction of Companies Acts.
Chapter 3
General
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paragraphs: Modification of Act of 1963.
Chapter 4
Trustee
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paragraphs: Assets of investment companies.
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paragraphs: Trustee.
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paragraphs: Obligations of trustee.
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paragraphs: Exemption from requirement to have trustee.
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paragraphs: Further exemption.
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paragraphs: Requirement on Bank to inform EC Commission regarding exemptions.
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paragraphs: Liability of trustee.
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paragraphs: Prohibition on a single company acting as investment company and trustee.
PART VII
INVESTMENT POLICIES OF UCITS
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paragraphs: Permitted investments.
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paragraphs: Limitations on investments.
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paragraphs: Limit of 10 per cent of assets in other investments.
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paragraphs: Ancillary liquid assets and investment techniques and instruments.
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paragraphs: Investments in one issuer's securities.
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paragraphs: Securities issued or guaranteed by States, local authorities or public international bodies.
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paragraphs: Investments in other UCITS.
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paragraphs: Acquisition of securities in a linked unit trust, common contractual fund or investment company.
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paragraphs: Acquisition of shares carrying voting rights.
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paragraphs: Limits in relation to non-voting shares, debt securities or units of a UCITS.
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paragraphs: Exemptions from Regulations 53 and 54.
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paragraphs: Subscription rights.
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paragraphs: Derogations for recently authorised UCITS.
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paragraphs: Breaches of limits.
PART VIII
GENERAL PROVISIONS RELATING TO UCITS
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paragraphs: Obligation on UCITS to redeem or repurchase units.
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paragraphs: Issue of units.
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paragraphs: Redemption or repurchase of units.
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paragraphs: Value of assets.
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paragraphs: Suspension of repurchase or redemption of units.
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paragraphs: Creation and cancellation of units of a unit trust or common contractual fund.
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paragraphs: Issue of registered certificates or bearer securities.
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paragraphs: Replacement of management company and trustee.
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paragraphs: Winding up of an investment company.
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paragraphs: Remuneration and expenditure.
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paragraphs: Application of income.
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paragraphs: Borrowing.
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paragraphs: Loans or guarantees.
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paragraphs: Short Sales.
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paragraphs: Umbrella funds.
PART IX
PROSPECTUS, REPORTS AND PUBLICATION OF OTHER INFORMATION
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paragraphs: Publication of prospectus.
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paragraphs: Annexation of trust deed, deed of constitution or articles to prospectus.
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paragraphs: Offering of prospectus to investors before contract concluded and transmission of prospectus to Bank.
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paragraphs: Publication of annual and half-yearly reports.
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paragraphs: Time limits.
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paragraphs: Contents of annual report.
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paragraphs: Contents of half-yearly report.
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paragraphs: Transmission of reports to Bank.
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paragraphs: Offering of reports to investors before contract concluded.
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paragraphs: Availability to public of reports.
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paragraphs: Supply of reports to unit-holders.
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paragraphs: Auditing requirements in relation to annual report.
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paragraphs: Publication of issue and redemption prices.
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paragraphs: Publicity.
PART X
SPECIAL PROVISIONS APPLICABLE TO UCITS MARKETING IN A MEMBER STATE OTHER THAN THAT IN WHICH IT IS SITUATED
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paragraphs: Prior requirements.
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paragraphs: Entitlement to market in the State.
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paragraphs: Compliance with law, regulations and administrative provisions.
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paragraphs: Advertising.
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paragraphs: Provision of facilities in relation to unit-holders.
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paragraphs: Distribution of documents and other information.
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paragraphs: Power of Bank to prohibit marketing.
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paragraphs: Generic names.
PART XI
SPECIAL PROVISION IN RELATION TO THE BANK
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paragraphs: Collaboration with competent authorities in other Member States.
PART XII
POWERS OF BANK
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paragraphs: Compliance with additional requirements imposed by Bank.
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paragraphs: Keeping of books and records.
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paragraphs: Furnishing of information to Bank.
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paragraphs: Application by Bank to High Court.
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paragraphs: Replacement of Management Company or Trustee.
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paragraphs: Revocation of authorisation.
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paragraphs: Notice of intention to revoke.
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paragraphs: Directions by the Bank.
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paragraphs: Review of Bank's decision, etc., by the High Court.
PART XIII
OFFENCES
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paragraphs: Penalties.
PART XIV
VALIDITY OF UCITS ALREADY AUTHORISED AND REVOCATION OF EARLIER STATUTORY INSTRUMENTS
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paragraphs: Validity of UCITS already authorised and revocation of earlier statutory instruments.