The European Securities and Markets Authority has updated its questions and answers document on the application of the UCITS Directive. The updated document includes a new question and answer on the impact of the Regulation on over-the-counter derivatives, central counterparties and trade repositories on the UCITS framework, regarding the valuation of centrally cleared over-the-counter derivatives by UCITS management companies.

View ESMA publishes updated UCITS Q&A, 19 July 2016