INVESTMENT FUNDS ON ROMANIAN CAPITAL MARKET
National laws governing collective investment undertakings were updated as a result of European secondary law modernization with a view to approximating the conditions of competition between those undertakings at Community level, while at the same time ensuring more effective and more uniform protec...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University Publishing House
2014-05-01
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| Series: | Challenges of the Knowledge Society |
| Subjects: | |
| Online Access: | http://cks.univnt.ro/uploads/cks_2014_articles/index.php?dir=02_private_law%2F&download=CKS+2014_private_law_art.015.pdf |
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| _version_ | 1846095173093687296 |
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| author | Cristian GHEORGHE |
| author_facet | Cristian GHEORGHE |
| author_sort | Cristian GHEORGHE |
| collection | DOAJ |
| description | National laws governing collective investment undertakings were updated as a result of European secondary law modernization with a view to approximating the conditions of competition between those undertakings at Community level, while at the same time ensuring more effective and more uniform protection for unit-holders. Such coordination intended to facilitate the removal of the restrictions on the free movement of units of UCITS in the internal market.
For the purposes of internal regulation UCITS means an undertaking: (a) with the sole object of collective investment in transferable securities or in other liquid financial assets of capital raised from the public and which operate on the principle of risk-spreading; and (b) with units which are, at the request of holders, repurchased or redeemed, directly or indirectly, out of those undertakings’ assets.
The UCITS may be constituted in accordance with contract law (as common funds managed by management companies), trust law (as unit trusts), or statute (as investment companies).
Key investor information should be provided as a specific document to investors, before the subscription of the UCITS, in order to help them to reach informed investment decisions.
Investment funds enjoy in Romania a new regulatory framework: the contract of common society hosted by new Civil Code and the new Emergency Ordinance regarding UCITS. |
| format | Article |
| id | doaj-art-6be2eb6921b64f6798cc3e77eb331173 |
| institution | Kabale University |
| issn | 2068-7796 2068-7796 |
| language | English |
| publishDate | 2014-05-01 |
| publisher | Nicolae Titulescu University Publishing House |
| record_format | Article |
| series | Challenges of the Knowledge Society |
| spelling | doaj-art-6be2eb6921b64f6798cc3e77eb3311732025-01-02T11:24:44ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962068-77962014-05-0141141146INVESTMENT FUNDS ON ROMANIAN CAPITAL MARKETCristian GHEORGHE0Associate Professor, PhD, “Nicolae Titulescu” University of BucharestNational laws governing collective investment undertakings were updated as a result of European secondary law modernization with a view to approximating the conditions of competition between those undertakings at Community level, while at the same time ensuring more effective and more uniform protection for unit-holders. Such coordination intended to facilitate the removal of the restrictions on the free movement of units of UCITS in the internal market. For the purposes of internal regulation UCITS means an undertaking: (a) with the sole object of collective investment in transferable securities or in other liquid financial assets of capital raised from the public and which operate on the principle of risk-spreading; and (b) with units which are, at the request of holders, repurchased or redeemed, directly or indirectly, out of those undertakings’ assets. The UCITS may be constituted in accordance with contract law (as common funds managed by management companies), trust law (as unit trusts), or statute (as investment companies). Key investor information should be provided as a specific document to investors, before the subscription of the UCITS, in order to help them to reach informed investment decisions. Investment funds enjoy in Romania a new regulatory framework: the contract of common society hosted by new Civil Code and the new Emergency Ordinance regarding UCITS.http://cks.univnt.ro/uploads/cks_2014_articles/index.php?dir=02_private_law%2F&download=CKS+2014_private_law_art.015.pdfcapital marketinvestmentsundertakings for collective investment in transferable securities (UCITS)financial supervisory authoritykey information. |
| spellingShingle | Cristian GHEORGHE INVESTMENT FUNDS ON ROMANIAN CAPITAL MARKET Challenges of the Knowledge Society capital market investments undertakings for collective investment in transferable securities (UCITS) financial supervisory authority key information. |
| title | INVESTMENT FUNDS ON ROMANIAN CAPITAL MARKET |
| title_full | INVESTMENT FUNDS ON ROMANIAN CAPITAL MARKET |
| title_fullStr | INVESTMENT FUNDS ON ROMANIAN CAPITAL MARKET |
| title_full_unstemmed | INVESTMENT FUNDS ON ROMANIAN CAPITAL MARKET |
| title_short | INVESTMENT FUNDS ON ROMANIAN CAPITAL MARKET |
| title_sort | investment funds on romanian capital market |
| topic | capital market investments undertakings for collective investment in transferable securities (UCITS) financial supervisory authority key information. |
| url | http://cks.univnt.ro/uploads/cks_2014_articles/index.php?dir=02_private_law%2F&download=CKS+2014_private_law_art.015.pdf |
| work_keys_str_mv | AT cristiangheorghe investmentfundsonromaniancapitalmarket |