Commission Directive 2010/42/EU

In force

This text since 10 Jul 2010law://eu/dir/2010/44/art_15@2026-11-12

Article 15Conflicts of interest#

Member States shall ensure that the management company's internal conduct of business rules referred to in the third subparagraph of Article 60(1) of Directive 2009/65/EC shall include appropriate measures to mitigate conflicts of interest that may arise between the feeder UCITS and the master UCITS, or between the feeder UCITS and other unit-holders of the master UCITS, to the extent that these are not sufficiently addressed by the measures applied by the management company in order to meet requirements of Articles 12(1)(b) and 14(1)(d) of Directive 2009/65/EC and Chapter III of Commission Directive 2010/43/EU of 1 July 2010 implementing Directive 2009/65/EC of the European Parliament and of the Council as regards organisational requirements, conflicts of interest, conduct of business, risk management and content of the agreement between a depositary and a management company^note.

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Directive · Commission Directive 2010/42/EU · EEA relevant
Adopted: 1 Jul 2010
Text current to: 10 Jul 2010
In force: 30 Jul 2010
Made by: European Commission
Official: EUR-Lex 32010L0044 · ELI

Topics

approval approximation of laws business management financial legislation financial management investment company market access merger right of establishment securities Freedom of establishment Free movement of capital

History · 1 version

10 Jul 2010Reading

Connections

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Cites 2: Directive 2009/65/EC3 provisions; Commission Directive 2010/43/EU

Defined terms · 3

Show every defined term

continues to be a feeder UCITS of the same master UCITS
refers to cases where: The expression ‘becomes a feeder UCITS of another master UCITS resulting from the merger or division of the master UCITS’ refers to cases where:
rebalancing of the portfolio
means a significant modification of the composition of the portfolio of a UCITS;
synthetic risk and reward indicators
means synthetic indicators within the meaning of Article 8 of Commission Regulation (EU) No 583/2010 of 1 July 2010 implementing Directive 2009/65/EC of the European Parliament and of the Council as regards key investor information and conditions to be met when providing key investor information or the prospectus in a durable medium other than paper or by means of a website.