AI Summary of Article 96
The legal framework governing UCITS allows for the consistent use of their legal designations across different Member States. Specifically, a UCITS can adopt the same reference to its legal form, such as 'investment company' or 'common fund', in its designation within a host Member State as it employs in its home jurisdiction.
This provision facilitates cross-border operations and enhances clarity for investors, thereby promoting a harmonised approach within the EU’s regulatory landscape.
Article 96
DRAFT To be deleted Article 1 Amendments to Directive 2009/65/EC of the Proposal for a Directive of the European Parliament and of the Council amending Directives 2009/65/EC, 2011/61/EU and 2014/65/EU as regards the further development of capital market integration and supervision within the Union (COM(2025) 942 final / 2025/0382 (COD))
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For the purpose of pursuing its activities, a UCITS may use the same reference to its legal form (such as investment company or common fund) in its designation in a UCITS host Member State as it uses in its home Member State.