Undertakings for Collective Investments in Transferable Securities II (UCITS II)


UCITS II Directive was drafted in early 1990s to amend the 1985 Directives to more successfully harmonize laws throughout Europe. However, Council of Ministers could not reach a common position and UCITS II was abandoned.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Two-tier bid

Takeover bid in which the acquirer offers to pay more for the shares needed to gain control than for the remaining shares, or to pay the same price but at different times in the merger period;... Read More

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