The European Securities and Markets Authority (ESMA) has published a final report and a Q&A on the revision of the guidelines on exchange traded funds (ETFs) and other UCITS issues.
Annex I of the final report sets out ESMA’s position on collateral management by UCITS. The guidelines in Annex I modify the rules on collateral diversification in paragraph 43(e) of the existing guidelines and introduce some further consequential changes. The guidelines will be translated into the official EU languages and published on ESMA’s website. The publication of the translations will trigger a two-month period during which national competent authorities must notify ESMA whether they comply or intend to comply with the guidelines.
View Final report on revision of guidelines ETFs and other UCITS issues, 24 March 2014
View ESMA publishes final report and Q&A on revision of guidelines ETFs and other UCITS issues, 24 March 2014