Slowly, slowly, fund managers convert to EU investment rules

The Debate

Available since November 2002, the Ucits III rules are just beginning to attract attention

With more funds in the UK looking to use the additional investment powers allowed under Ucits III and the FSA potentially limiting the sale of products using this capacity, the issue is finally gaining widespread attention. This week's conjecture debate cover issues such as the history of the various Ucits directives, use of derivatives within collective vehicles and time limits for groups to adopt the various regulations. Present at the debate were product development director at Threadneedle Mary Blair and head of regulatory and policy strategy at Schroders Simon Vernon. What is the his...