Areas of Practice
8th Apr 2016
An amendment of the Open – Ended Type Collective Investment Undertakings Law, 78(I)/2012, (UCITS Law) was approved by the Parliament, in line with the provisions of the EU Directive 2014/91 (“UCITS V Directive”).
According to the amended Section 30, any company that, during the enactment of the amending law, is registered under the Companies Law and whose securities are admitted to trading on a regulated or non-regulated market in the Republic as an investment fund, may become a Variable Capital Investment Company and pursue UCITS activities, on the condition that a prior licence is granted by the Securities and Exchange Commission and given that it fulfills the requirements laid down in Schedule II of the Law.
Further to the above, the amending legislation:
Our website will provide you with an overview of our services and the advice we provide. If you would like further information about how we can assist you, please contact us.
Call: +357 22 777000 | Email: [email protected]