Alfi Celebrates UCITS’ 25th Birthday - Luxembourg is the first country to ratify UCITS IV
The UCITS brand celebrates its 25th birthday today, as the first UCITS directive was formally adopted on 20th December 1985. Almost exactly 25 years later, on 16th December 2010, the Luxembourg Parliament ratified UCITS IV. As was the case in 1985, Luxembourg is the first country in the EU to pass this new regulation into national law. A number of provisions (such as fiscal reliefs) will come into effect as soon as 1st January 2011.