Brussels, 12/09/2014 (Agence Europe) - An undertaking for collective investment in transferable securities (UCITS) that sells units in another member state is not required to ensure that the participant received delivery of the certificates for their investment, ruled the European Court of Justice on Thursday 11 September.
The case in which this ruling was given, C-88/13, is about Citiportfolios investment fund in Luxembourg, whose depository bank is Citibank Luxembourg, also based in...