K&L Gates

International Top 30 position: 23
International 50 position (Asia-Pacific): 7


Increasing investor disclosure requirements and restrictions for UCITS funds

The European Commission and European Securities and Markets Authority recently published additional guidelines for Undertakings for the Collective Investment in Transferable Securities funds and launched further consultations on the UCITS regime, including the use of repurchase agreements and derivatives products and the regulation of money market funds. Broadly, funds that comply with EU UCITS rules on eligible assets, issuer concentration or risk spreading can be sold to professional and retail investors across the European Union (EU). Most money market funds and exchange traded funds in the EU are structured and regulated as UCITS.

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1 New Change

Firmwide revenue 2012 ($m): 1,060
Global lawyers 2012: 2,000+
Jurisdiction: US
No. of offices: 11
No. of qualified lawyers: 397 (International 50)