UCITS V update
Given the effective date for UCITS V requirements was 18 March 2016, it might seem curious to do an update on UCITS V now. However, the FCA issued its Consultation Paper CP 16/14 on 19 May which includes proposals consequent to the late finalisation of UCITS V Level 2 Regulation. It affects COLL and CASS provisions. We are not therefore at the end of the story of implementation of UCITS V.