The Management Company Passport allows the management company to perform the activities for which it has been authorized by its home member state, including the management of UCITS, in other EU member states (host member state). Where the management company uses the passport to manage UCITS in a host member state, it must comply with the host member state requirements in relation to the constitution and functioning of the UCITS.

Other UCITS related terms

• Absolute VaR
• AIFMD
• Annex IV Reporting
• Back Testing
• Calmar ratio
• Commitment Approach
• Contribution to Potential Upside (or Component Potential Gain)
• Counterparty Risk
• CSSF
• DV01
• ESMA
• Event Risk
• Expected Shortfall (or Conditional VaR or CVar)
• Global Exposure
• KIID
• Management Company Passport
• Master Feeder structures
• MiFID
• Relative VaR (UCITS)
• SRRI (Synthetic Risk & Reward Indicator)
• Systematic Risk
• Undertakings for the Collective Investment of Transferable Securities (UCITS)
• Unsystematic Risk
• VaR approach