UCITS definition

UCITS means an undertaking for collective investment in transferable securities established pursuant to the UCITS Regulations;

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UCITS means an undertaking for collective investment in transferable securities within the meaning of the UCITS Regulations;

UCITS means an undertaking the sole object of which is the collective investment in Transferable Securities and/or other liquid financial assets permitted under the UCITS Regulations of capital raised from the public and which operates on the principle of risk-spreading and the units/shares of which are at request of the holders repurchased or redeemed directly or indirectly out of those undertakings’ assets. Action taken by a UCITS to ensure that the stock exchange value of its units/shares does not vary significantly from their net asset value shall be regarded as equivalent to such repurchase or redemption. Other liquid financial assets include cash deposits, financial derivative instruments, other Collective Investment Schemes and Money Market Instruments;

Examples of UCITS in a sentence

• Execution of orders issued on UCITS registered for commercialisation in Spain of managers related to the Santander Group shall be carried out directly by the Spanish managers of the Santander Group.

• Orders on shares or holdings of UCITS of management companies not related to the Santander Group, where the Bank is the marketer, are carried out through Allfunds Bank, S.A., the entity selected as the preferential platform.

• In general, subscriptions must meet the minimum investment amounts established in the official documentation of the UCITS.

• The Customer may, at any time, request the Bank’s intermediation in the subscription, transfer and redemption of shares and equity holdings, in any currency, in undertakings for collective investment in transferable securities, mutual funds, whether SICAVs or investment companies (UCITS) in which the Bank is able to intermediate.

• In order to formalise such orders, the Customer must complete the request in writing for the UCITS in question, or give instructions to the Bank to do so on the Customer’s behalf, in order to complete the necessary formalities.

More Definitions of UCITS

UCITS means an Undertaking for Collective Investment in Transferable Securities established pursuant to EC Council Directive 2009/65/EC of 13 July 2009 as amended, consolidated or substituted from time to time.

UCITS means an Undertaking for Collective Investment in Transferable Securities established pursuant to EC Council Directive 85/611/EEC of 20 December 1985 as amended, consolidated or substituted from time to time.

UCITS means an undertaking for collective investment in transferable securities established pursuant to the Regulations or, in the case of UCITS established in a Member State other than Ireland, the Directive;

UCITS means an undertaking for collective investment in transferable securities authorised in accordance with Article 5 of Directive 2009/65/EC.

UCITS means an Undertaking for Collective Investment in Transferable Securities under the UCITS Directive;

UCITS means an undertaking for collective investment in transferable securities, as defined in the Regulations;

UCITS means an Undertaking for Collective Investment in Transferable Securities.