JPMorgan Chase & Co.

Abstract

The Undertakings for Transferable Securities Collective Investments (UCITS) is the European Commission's regulatory framework for the establishment of a harmonized system of management and sales of mutual funds throughout Europe. UCITS funds may be registered in Europe and sold through unified regulatory and investment protection requirements to investors around the world. The providers of UCITS funds that meet the standards in the individual European countries are exempt from national regulations. A UCITS is a European Union-based mutual fund in general terms. UCITS funds, which in Europe, South America and Asia are perceived as secure and well-regulated investment, are popular among investors who prefer not to invest in a single public limited company but among diverse unit trust spread across the European Union. Due to their high safety and regulatory perception, UCITS funds are highly popular investments. They represent about 75% of all collective investments of small investors in Europe, according to the European Commission. As part of their marketing campaign multiple mutual funds companies use the word "UCITS-compliant." While the funding is regulated throughout Europe, UCITS funds can be invested by purchasers all over the world. This project was allotted to me by my organizational Manger to enable me develop a better understanding of the regulatory bodies, regulatory frameworks, and regulations which govern the operation of Mutual Funds in the European Union. This study was undertaken by me in order to develop a better understanding of compliances and its significance in the fund management industry. JPMorgan Chase & Co. is a financial institution having operations throughout the world, whose history dates back to the year 1799. A team of its Corporate and Investment Banking line of business overlooks the monitoring of regulatory compliances for its European mutual funds. I happened to work with this particular team during the tenure of this internship.