In the Union, collective investment undertakings can operate as UCITS, managed by UCITS management companies or UCITS investment companies authorised under Directive 2009/65/EC, or as AIFs, managed by alternative investment fund managers (AIFMs) authorised or registered under Directive 2011/61/EU.
San Aontas, féadfaidh gnóthais chomhinfheistíochta oibriú mar GCUInna arna mbainistiú ag cuideachtaí bainistíochta GCUInna nó ag cuideachtaí infheistíochta GCUInna atá údaraithe faoi Threoir 2009/65/CE, nó mar CIManna, arna mbainistiú ag bainisteoirí cistí infheistíochta malartacha (BCIManna) atá údaraithe nó cláraithe faoi Threoir 2011/61/AE.