What is UCITS (Undertakings for Collective Investment in Transferable Securities)?
UCITS (Undertakings for Collective Investment in Transferable Securities) is the EU regulatory framework for retail investment funds. UCITS funds benefit from a "passport" allowing them to be marketed to retail investors across all EU member states once authorized in one country.
While UCITS and AIFMD are separate regulatory frameworks, AIFMD II introduces closer alignment between the two. Management companies that manage both UCITS and AIFs face consolidated reporting obligations, and some AIFMD II provisions — particularly around delegation and liquidity management — explicitly reference UCITS standards.
Luxembourg and Ireland are the dominant domiciles for UCITS funds, collectively hosting over 70% of European UCITS assets. Managers operating in these jurisdictions often deal with both UCITS and AIFMD reporting simultaneously.
Why It Matters for Compliance
If you manage both UCITS and AIFs, AIFMD II creates new compliance touchpoints between the two frameworks. Consolidated reporting, shared liquidity management requirements, and aligned delegation rules mean you can't treat UCITS and AIF compliance as separate silos anymore.
How Caelith Helps
Caelith handles both UCITS and AIF reporting in a unified platform, ensuring consistent data across frameworks and flagging where AIFMD II creates new obligations for UCITS managers.
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