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New version applies from 21/07/2011 — introduced by Alternative Investment Fund Managers Directive (AIFMD). 98 provisions change. Later versions: 20/06/2013, 17/09/2014, 01/01/2019, 07/01/2020, 26/06/2021, 02/08/2021, 01/01/2023, 09/01/2024, 17/01/2025, 16/04/2026. Recital 1 changes in this version: compare with the current text.

Recital 1

Recital 1

(1)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) 2 has been substantially amended several times 3. Since further amendments are to be made, it should be recast in the interests of clarity.

  1. 3 See Annex III, Part A. ↩
  2. 2 OJ L 375, 31.12.1985, p. 3. ↩
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