mergers

Defined in Article 2, Undertakings for Collective Investment in Transferable Securities Directive (UCITS)

Definitions over time (2)

1. 07/01/2020 – today applies on 10/11/2026 Article 2, Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Scope: Whole act

   For the purposes of this Directive the following definitions apply:

   ‘mergers’ means an operation whereby: one or more UCITS or investment compartments thereof, the ‘merging UCITS’, on being dissolved without going into liquidation, transfer all of their assets and liabilities to another existing UCITS or an investment compartment thereof, the ‘receiving UCITS’, in exchange for the issue to their unit-holders of units of the receiving UCITS and, if applicable, a cash payment not exceeding 10 % of the net asset value of those units; two or more UCITS or investment compartments thereof, the ‘merging UCITS’, on being dissolved without going into liquidation, transfer all of their assets and liabilities to a UCITS which they form or an investment compartment thereof, the ‘receiving UCITS’, in exchange for the issue to their unit-holders of units of the receiving UCITS and, if applicable, a cash payment not exceeding 10 % of the net asset value of those units; one or more UCITS or investment compartments thereof, the ‘merging UCITS’, which continue to exist until the liabilities have been discharged, transfer their net assets to another investment compartment of the same UCITS, to a UCITS which they form or to another existing UCITS or an investment compartment thereof, the ‘receiving UCITS’;

2. 04/01/2011 – 01/01/2019 Article 2, Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Scope: Whole act

   For the purposes of this Directive the following definitions apply:

   ‘mergers’ means an operation whereby: one or more UCITS or investment compartments thereof, the ‘merging UCITS’, on being dissolved without going into liquidation, transfer all of their assets and liabilities to another existing UCITS or an investment compartment thereof, the ‘receiving UCITS’, in exchange for the issue to their unit-holders of units of the receiving UCITS and, if applicable, a cash payment not exceeding 10 % of the net asset value of those units; two or more UCITS or investment compartments thereof, the ‘merging UCITS’, on being dissolved without going into liquidation, transfer all of their assets and liabilities to a UCITS which they form or an investment compartment thereof, the ‘receiving UCITS’, in exchange for the issue to their unit-holders of units of the receiving UCITS and, if applicable, a cash payment not exceeding 10 % of the net asset value of those units; one or more UCITS or investment compartments thereof, the ‘merging UCITS’, which continue to exist until the liabilities have been discharged, transfer their net assets to another investment compartment of the same UCITS, to a UCITS which they form or to another existing UCITS or an investment compartment thereof, the ‘receiving UCITS’;

Used in (84 places in 19 provisions on 10/11/2026)

Undertakings for Collective Investment in Transferable Securities Directive (UCITS) (84 in 19)

Recital 27³ · Recital 28⁶ · Recital 29⁵ · Recital 31⁶ · Recital 32² · Recital 33² · Recital 86 · Recital 87 · Article 2⁵ · Article 38⁶ · Article 39⁷ · Article 40⁹ · Article 43⁸ · Article 44⁴ · Article 45² · Article 46 · Article 47⁶ · Article 48⁵ · Article 60⁵