Monday June 30 2014

News Source: Fund Regulation

Focus: AIFMD

Type: General

Country: European Union




The Danish Financial Services Authority, Finanstilsynet, have published a notice regarding the use of derivative financial instruments.

The order applies to mutual funds, SIKAVS and securities funds, referred to as “Danish UCITS”. A subsidiary of a Danish UCITS may use derivatives for hedging and portfolio management if the application meets the requirements under sections 12-28 of the order. The provisions must be met throughout the lifetime of the derivative financial instruments right up to maturity.

Derivative financial instruments based on commodities are not covered by this notice.

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