1. European
  2. Legislation (EU)
  3. EU Directives
  4. 2009
Date-stamp loading
  1. Directive 2009/65/EC - Undertakings for Collective Investment in Transferable Securities IV (recast) (UCITS IV)
  2. Chapter X General obligations of UCITS (arts. 83-90)
  3. Article 87
Previous Next
Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2011 - onwards
  Version 3 of 3    

Article 87

A UCITS unit shall not be issued unless the equivalent of the net issue price is paid into the assets of the UCITS within the usual time limits. This shall not preclude the distribution of bonus units.

Comparing proposed amendment...
Previous Next