EUROPE: Bonds – Increasing of UCITS limits in different member states

Sunday October 30 2005

Article 22(4) of the Council Directive 85/611/EEC of 20th December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS), as last amended by Directives2001/107/EC and 2001/108/EC (OJ of 13.2.2002, L41, p.20 and p.35), allows Member States to raise investment limits for harmonised investment funds (UCITS) regarding their investment in certain bonds which meet the requirements set out in this provision. The European Commission website makes public information received from Member States in respect of the extent to which Member States to raise investment limits for harmonised investment funds (UCITS) regarding their investment in certain bonds which meet the requirements set out in this provision. This information can be found at the above link.