10
Aug
Directive 2014/91/EU (the “UCITS V”) is due to come into effect on 18 March, 2016 and will amend Directive 2009/65/EC (the “UCITS Directive”). Amongst other matters, it sets down rules which a UCITS Management Company must comply with when establishing and applying a remuneration policy for certain categories of its staff. UCITS V also provides that the European Securities and Markets Authority (“ESMA”) shall issue guidelines addressed to competent authorities or financial market participants concerning the application of the...