Database on German and European Economic Law

 Directive 85/611/EEC

I. Description

The European Union wishes to harmonise at Community level the conditions relating to the authorisation of undertakings for collective investment in transferable securities (UCITS), thus promoting cross-border trade and ensuring more effective protection for investors. With this in mind, this Directive is aimed at certain UCITS. It establishes a general system of strict obligations governing investments, capital requirements and disclosure obligations, as well as the safekeeping of assets and supervision of the funds.

II. General Information

Title

Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS I)

Abbreviations
UCITS I - Directive
Status
Repealed
Directive
85/611/EEC
Source
O.J. EEC No L (Legislation), Edition 375, Year 1985, p.3
Adoption
12/20/1985
Promulgation
12/31/1985
Character
Lamfalussy Framework Act
Legal Basis
Art. 57 Abs. 2 EEC
Legislative Procedure
Consultation procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

  2009/65/EC

Beschluss:
07/13/2009 (A)
Verkuendung:
11/17/2009 (P)

  2004/384/EC

Beschluss:
04/27/2004 (A)
Verkuendung:
04/30/2004 (P)

  2004/383/EC

Beschluss:
04/27/2004 (A)
Verkuendung:
04/30/2004 (P)

Original Text UCITS I - Directive:
Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS I)

  85/611/EEC

Beschluss:
12/20/1985 (A)
Verkuendung:
12/31/1985 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
02/23/1977
Opinion of the European Economic and Social Committee
ABL C/1977/75/ p. 10
02/08/1977
Report of the European Parliament - 1st reading
ABL C/1977/57/ p. 31
04/29/1976
Proposal
ABL. 1976 No. C 171/1

3. CESR Level 2

CESR’s Advice on Clarification of Definitions concerning Eligible Assets for Investments of UCITS
CESR/06-005
1/2006
Feedback Statement
06-013
10/2005
2nd Consultation Paper
05-490b
3/2005
Consultation Paper
05-064b
10/2004
Mandatierung
04-586

IV. CESR / ESMA Announcements (Level 3)

2/2009
Risk management principles for UCITS
CESR/09-178
8/2008
Consultation Paper
08-616
7/2007
CESR´s guidelines concerning eligible assets for investment by UCITS - The classification of hedge fund indices as financial indices
CESR/07-434
7/2007
Feedback Statement
07-433
2/2007
Consultation Paper
07-045
10/2006
Issues Paper
06-530
3/2007
CESR's guidelines concerning eligible assets for investment by UCITS
CESR/07-044
3/2005
1st Consultation Paper
05-064b
10/2005
2nd Consultation Paper
05-490b
1/2006
Feedback Statement
06-013
6/2006
CESR’s guidelines to simplify the notification procedure of UCITS
CESR/06-120b
6/2006
Feedback Statement
06-301

V. Umsetzung in den Mitgliedstaaten

1. Implementation in Germany

Legend

Legislative Act Status

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. CESR Level 2
IV. CESR / ESMA Announcements (Level 3)
V. Umsetzung in den Mitgliedstaaten
1. Implementation in Germany