Managers
Irish domiciled UCITS funds have been disapproved for general investment by the Chilean Pensions Regulator, Comisión Clasificadora de Riesgo (the CCR).
The CCR is responsible for establishing approval procedures for, and approving shares of, inter alia, investment funds for Chilean pension fund investment. Under this authority, Irish funds were disapproved from general investment for failing to comply with the provisions of Article 15 of Decision No. 32 of the CCR which says that the rating of the country in which the fund, its manager or holding company are registered shall be at least Category A (defined as: S&P –
It’s been a good four months for Morgan Stanley’s Dublin-based UCITS platform, FundLogic Alternatives.
SEI has launched new tools designed to assist investment managers in meeting mandatory requirements under the Undertakings for Collective Investment in Transferable Securities IV (UCITS) Directive. SEI has developed an online solution to simplify the production and servicing of the required Key Investor Information Document (KIID), while also enhancing its portfolio compliance monitoring system to account for UCITS-specific investment restrictions.
Under the UCITS IV Directive, asset managers will be obligated to replace their current simplified prospectus with a KIID for their UCITS products. The introduction of the KIID is aimed at promoting transparency and uniform standards across EU member states,
Morgan Stanley’s Dublin-based UCITS umbrella, FundLogic Alternatives Plc, has added another new fund to its stable.