Treasury has made the Regulations implementing the fourth UCITS Directive (UCITS IV) into UK law. The Regulations took effect on 1 July. See FReD This Week 17 June for further detail. FSA separately made its final Handbook text to implement the remaining parts of UCITS IV (see also FReD This Week 24 June). (Source: SI 2011/1613 - The Undertakings for Collective Investment in Transferable Securities Regulations 2011 and UCITS IV Directive Instrument 2011)