Part I of the amended law of 17 December 2010 relating to undertakings for collective investment (the “UCI Law”) governs collective investments in transferable securities (“UCITS” - in French: Organismes de placement collectif en valeurs mobilières, “OPCVM”).

A UCITS fund invests in liquid assets and transferable securities and can be distributed to the public to retail investors across the European Union. Finally another essential characteristic of UCITS is the respect of the principle of risk-spreading.

References: Articles 2(1) et seq. and in particular article 2(2) of the amended law of 17 December 2010 relating to undertakings for collective investment.

*Podcast #303:

*YouTube Video 292|: 

Contributor: Cédric Buisine, Avocat

Editor: Hannah Seulgee Jung 

Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)

Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)