Tag Archives: undertakings for collective investment in transferable securities

New EU Legislation on Investment Issues

Two new legal acts have been published in the Official Journal that deal with the investment process. Regulation (EC) No 1060/2009 on credit rating agencies introduces a common regulatory approach in order to enhance the integrity, transparency, responsibility, good governance and reliability of credit rating activities. Directive 2009/65/EC applies to undertakings for collective investment in transferable securities (UCITS) established within the territory of the European Union.

Both acts are quite detailed.