Germany Drops UCITS Translation

The German Federal Financial Supervisory Authority has ditched a requirement to translate sales documents for foreign Undertakings for Collective Investment in Transferable Securities into German.

  • 14 Jul 2011
The German Federal Financial Supervisory Authority has ditched a requirement to translate sales documents for foreign Undertakings for Collective Investment in Transferable Securities into German. That could raise liability risk with retail investors, according to Dechert. “I would be concerned the fund would like to save the money ...

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