Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (recast) (Text with EEA relevance) (c. 65)

ANNEX II U.K. Functions included in the activity of collective portfolio management:

• Investment management.

• Administration:

  (a)

  legal and fund management accounting services;

  (b)

  customer inquiries;

  (c)

  valuation and pricing (including tax returns);

  (d)

  regulatory compliance monitoring;

  (e)

  maintenance of unit-holder register;

  (f)

  distribution of income;

  (g)

  unit issues and redemptions;

  (h)

  contract settlements (including certificate dispatch);

  (i)

  record keeping.

• Marketing.