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IIC no-UCITS

English translation: non-UCITS IICs

16:19 Jan 18, 2019
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Investment funds
Spanish term or phrase: IIC no-UCITS
"...las IICs no UCITS tienen la consideración de productos complejos.
Asimismo, las participaciones y acciones de IICs estructuradas (incluidas las UCITS) se consideran un producto complejo."

My problem is that I wanted to translate IIC as UCITS, but this has put a bit of a spanner in the works. So I guess here I might translate "IIC" literally as "Collective Investment Institutions".
James Salter
Spain
Local time: 07:33
English translation:non-UCITS IICs
Explanation:
I don't see why you'd want to translate IIC as UCITS - they're two different things.

IIC as you say, is CII or collective investment institution. UCITS is undertaking for collective investment in transferable securities.

http://www.uaib.com.ua/eng/abcpeople/cii_manual.html
http://www.investopedia.com/terms/u/ucits.asp

Selected response from:

philgoddard
United States
Grading comment
I've left it as you said Phil, thanks.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2non-UCITS IICs
philgoddard


  

Answers


50 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
non-UCITS IICs


Explanation:
I don't see why you'd want to translate IIC as UCITS - they're two different things.

IIC as you say, is CII or collective investment institution. UCITS is undertaking for collective investment in transferable securities.

http://www.uaib.com.ua/eng/abcpeople/cii_manual.html
http://www.investopedia.com/terms/u/ucits.asp



philgoddard
United States
Specializes in field
Native speaker of: English
PRO pts in category: 376
Grading comment
I've left it as you said Phil, thanks.
Notes to answerer
Asker: I had the impression that certain types of CIIs were called UCITS under EU regulations. So a UCITS is a CII but certain types of CIIs were not necessarily UCITS.


Peer comments on this answer (and responses from the answerer)
agree  Charles Davis: So if I've understood correctly, it should be non-UCITS CIIs rather than IICs in English.
1 hr
  -> Yes, of course, slip of the pen :-)
agree  John Rynne: Right. CIIs that do not quality as UCITS under the UCITS Directive, as I understand it
3 days 15 hrs
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