UCITS IV: Positive move or unnecessary cost?

UCITS IV REGULATION

So the UCITS IV deadline of 1 July has been and passed and the world has not ended.

With such industry focus on the KIID requirements, you might have missed the feverish efforts among fund managers, lawyers, directors, service providers and consultants to ensure that UCITS management companies and self managed investment companies (SMICs) were UCITS IV compliant by 1 July. At the same time the industry has attempted to build the optimum solution in terms of a robust compliance and risk infrastructure and an appropriate governance regime, while taking account of all UCITS IV requirements. Clearly the KIID requirements are the part of this whole process that directly a...