UCITS Compliance

Date: TBC

Duration: 1 Day

Full Fees: €500

Network Members Fee: €250

Programme overview

This session tackles the UCITS rules and guidance in a very practical way. Participants use examples and case studies to illustrate how the rules are applied and to identify scenarios where some of the UCITS requirements are breached. There are a number of exercises throughout the session. Participants complete these exercises in groups or as individuals. In addition, participants complete a test at the beginning and end of the session.

Course Objectives

At the end of this course participants will be able to;

  • Distinguish between eligible and ineligible assets
  • Identify permitted financial derivative instruments
  • Describe and apply the UCITS rules on investment restrictions and risk spreading
  • Calculate position exposure, global exposure and counterparty risk exposure
  • Discuss how Value-at-Risk (VaR) is used
  • Apply the UCITS exposure limits
  • Discuss the required contents of the risk management process document
  • Outline on-going UCITS reporting requirements
  • Discuss the role of the company secretary in the UCITS framework
  • Outline briefly the possible developments that will affect the rules regarding eligible assets and investment restrictions

Who should attend? 

  • Experienced fund service providers who require a greater understanding of the UCITS (Undertakings for Collective Investment in Transferable Securities) Regulations and how they should be applied in practice.
  • Note: Participants should have a basic understanding of futures, options, FX forwards and swaps. 

Course Content (Summary)

  • The UCITS product overview
  • Risk management framework
  • Key investor information document (KIID)
  • General requirements
    • Liquidity
    • Eligible assets & investment restrictions
    • Risk spreading rules
  • Financial derivative instruments (FDI)
    • Permitted FDI
    • Commitment approach
      • Issuer concentration (position) exposure
      • Global exposure
    • Value at Risk (VaR) approach
      • General principles
      • Quantitative and qualitative requirements
      • Additional safeguards and disclosures
    • OTC counterparty risk exposure
    • Cover rules
    • Annual FDI report

Trainer Profile

Please contact info@ifsskillnet.ie for more information on training providers.