Page 7 - European investment_preview
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2. Form 261
3. Organisational structures and service providers 261 3.1 Promoter 264 3.2 Authorised manager 265 3.3 Administrator, registrar, transfer agent 265 3.4 Paying agent 266 3.5 Depositary 267 3.6 Distributor 269 3.7 Portfolio manager 271 3.8 Auditor 272 3.9 Prime broker 272 3.10 Valuer 273 3.11 Placement agents 275
4. Functioning of corporate governance and Board of Directors
organisation 276
5. The split of responsibilities between investment funds and managers 281 5.1 UCITS common funds 281 5.2 Self-managed UCITS SICAVs 282 5.3 Externally managed UCITS SICAVs 282 5.4 Externally managed AIFs 284
6. Documentation and reporting 287 6.1 For UCITS 287 6.2 For AIFs 290
7. Master-feeder structures 294
8. Cross-border distribution 296 8.1 Distribution of UCITS 296 8.2 Distribution of AIFs 298
9. Extraordinary transactions 302 9.1 Mergers 303 9.1.1 Mergers under the UCITS Directive 303 9.1.2 Mergers under the AIFMD 307 9.2 Liquidations 308
PASSIVELY MANAGED PRODUCTS: EXCHANGE TRADED
PRODUCTS (ETPs) 313
1. Historical background 314
2. Definition of ETPs 316 2.1 Exchange Traded Funds (ETFs) 317 2.2 Exchange Traded Commodity & Currency (ETCs) 321 2.3 Exchange Traded Notes (ETNs) 322
3. Statistics 323
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