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An undertaking for collective investment in transferable securities (UCITS) serves the sole purpose of investing publicly acquired funds for the collective account on the basis of the principle of risk diversification in the liquid financial instruments (e.g. Securities, money-market instruments, units in capital investment funds). It has special assets, which is broken down into equal units in the form or securities, and which are jointly owned by all unit holders. The unit holder may directly or indirectly upon request redeem their units at the expense of the assets of the UCITS . The legal basis is Directive 2009/65/EC (the UCITS Directive).

Term-Nr.: 864

German: Organismus zur gemeinsamen Veranlagung in Wertpapieren (OGAW) (590)

Source: FMA AT m. e. E., 30.10.2018

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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