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Amendments to UCITS and AIF regulations

Amendments to the Croatian Act on Open-Ended Investment Funds with a Public Offering (“UCITS”; “UCITS Act”) and Alternative Investments Funds Act (“AIF”; “AIF Act”)

become effective as of 11 December 2014.

 

The most significant amendments of the UCITS Act and the AIF Act relate to (i) new measures in respect of risk management; and (ii) services provided by companies managing open-ended investments funds with public offering (“UCITS Managing Companies”) and companies managing alternative investment funds (“AIFMs”).

 

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