The UCITS IV Directive will transform the buy side in the same way MiFID did for the sell side. This is just one of the conclusions in BNP Paribas Securities Services new “white paper” entitled ‘UCITS IV: the transforming event for European asset managers and distributors’.
UCITS IV is designed to produce a more efficient, flexible and competitive European asset management sector, with lower overall costs, freer circulation of UCITS and greater transparency to the investor. BNP Paribas Securities Services’ “white paper” provides a user guide for all industry players, particularly asset managers, who will be affected by the changes in regulation and seeks to address the outstanding issues.
· a thorough examination of the new measures and a clear explanation of the rationale behind them
· an in-depth guide to how asset managers can take advantage of the directive in terms of optimising cross-border distribution and internal cost rationalisation, according to their business model and set-up
· the role of the depositary and the impact on its changing functions and responsibilities under both the UCITS and AIFM Directives
About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers.
The Bank has a local presence across 28 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
With USD 5793 billion assets under custody, USD 1049 billion assets under administration and over 6,000 funds administered*, BNP Paribas Securities Services is Europe’s leading securities services provider and number 5 worldwide.
as at 31 December 2009
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world according to Standard & Poor’s* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
*Within its peer group