33It follows from the second to fourth recitals in the preamble to the UCITS Directive that, in order to ensure that UCITS units are marketed freely within the European Union, the UCITS Directive seeks to coordinate national laws governing UCITS, in order, first, to approximate, within the European Union, the conditions of competition between those undertakings, and, secondly, to ensure more effective and more uniform protection for unit-holders. To that end, the UCITS Directive establishes common basic rules governing the authorisation, supervision, structure, and activities of UCITS and the information which they must publish.
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