2. — Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws…

2.

Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) · European Union

A unit trust shall be authorized only if the competent authorities have approved the management company, the fund rules and the choice of depositary. An investement company shall be authorized only if the competent authorities have approved both its instruments of incorporation and the choice of depositary.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-27 · Text as adopted (Official Journal); later amendments are not incorporated in this text.