Carne Group, the leading global provider of independent oversight and governance solutions for asset managers, has published a new edition of the UCITS guide for investment managers. The A5 booklet has proved popular with product development teams seeking practical guidance on distributing funds under the UCITS IV directive.

The new edition of the guide has been updated by Carne's team of regulatory experts to include the latest changes to European funds legislation and now addresses the information needs of both alternative and long only fund managers.

Said John Donohoe, CEO of Carne Goup: "Carne continues to work with many of the leading names in asset management, helping them to meet their regulatory and substance requirements under the UCITS directive. We have found that our UCITS Guide has proved particularly popular, as a handy-sized reference digest of the critical information product developers need to be aware of when launching UCITS funds."

Carne has been working closely with fund managers launching or re-domiciling UCITS funds, both alternative and traditional, for over 10 years. It has successfully licensed UCITS management companies in both Ireland and Luxembourg. Carne's team of UCITS experts, which worked on the guide, is considered one of the leading repositories of expertise on the directive and the distribution and registration requirements it carries with it.

Added Aymeric Lechartier, managing director with Carne: "The UCITS directive can seem complex and difficult to apply at first reading. Our guide has been specifically written to address the practical questions that fund managers will have as they go about developing a UCITS fund. We are continuing to see substantial interest from managers around the world for the practical solutions we offer from our Dublin and Luxembourg offices, including management companies."

The guide is available from the Carne website UCITS guide for investment managers.