Powered by Lexis+®
Jurisdiction(s):
United Kingdom
United Kingdom
Key definition
UCITs definition What does UCITs mean? In practice, UCITS are regulated open‑ended retail investment funds that invest mainly in transferable securities and other eligible assets, subject to strict rules on diversification, liquidity, leverage, disclosure and depositary oversight. The term is defined in legislation: in the EEA by Directive 2009/65/EC (as amended, including “UCITS V”), and in the UK by the on‑shored “UK UCITS” regime under retained EU law and the FCA Handbook. Key features include eligible asset and concentration limits, daily/regular redemption, risk management, and prescribed investor disclosures (e.g., KIID/KID), making UCITS the standard vehicle for cross‑border retail distribution. Structures vary: in continental Europe common...
Read More
UK UCITS Remuneration Code (FCA SYSC 19E): Scope, Identified Staff, Core Principles, ESMA Guidelines, Disclosures and Practical Implementation
Published by a
LexisNexis Financial Services expert
Practice notes
What are the remuneration codes?
The fca handbook currently sets out four distinct remuneration codes (the Codes) in total:
- Alternative Investment Fund Managers (AIFM) Remuneration Code (SYSC 19B), which applies to Alternative Investment Fund Managers—see the relevant Practice Note: UK AIFM Remuneration Code
- Dual-Regulated Firms Remuneration Code (SYSC 19D)—see the related Practice Note: Remuneration Code for Dual Regulated Firms
- MIFIDPRU Remuneration Code (SYSC 19G)—see the related Practice Note: MIFIDPRU—Remuneration Code
- Undertakings for Collective Investment in Transferable Securities (ucits) Remuneration Code, located in the FCA Handbook SYSC 19E
In addition, the CRR Remuneration Code is set out in the Remuneration Part of the PRA Rulebook and applies to CRR firms (UK banks, building societies and designated investment firms). For further information, see Practice Note: PRA remuneration requirements for UK banks, building societies and systemically important investment firms.
Rules on the remuneration and performance management of relevant sales staff are also in SYSC 19F, which addresses three principal remuneration incentive regimes: MiFID remuneration incentives (SYSC 19F.1.1 R); IDD remuneration incentives (SYSC 19F.2.1 R); and Funeral plan remuneration incentives (SYSC 19F.3.1 R). For guidance, see Practice Note: Requirements on remuneration incentives—SYSC 19F.
The Codes prescribe detailed regulatory and procedural requirements concerning a firm’s remuneration policies and...
To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
Web page updated on 22/05/2026
Popular documents
When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...
This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...
Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...
Discover more from LexisNexis
