Tuesday July 24 2018
News Source: Fund Regulation
Focus: UCITS
Type: General
Country: European Union
On 23 July 2017, the European Securities and Markets Authority (ESMA) updated its Q&As on the application of:
- the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS); and the
- Alternative Investment Fund Managers Directive (AIFMD).
The Q&A documents include new questions and answers on:
- UCITS investing in other UCITS with different investment policies;
- Calculation of issuer concentration limits pursuant to Article 52 of the UCITS Directive;
- Reuse of assets by a UCITS depositary under Article 22(7) of the UCITS Directive; and
- The supervision of branches of UCITS Management Companies or AIFMs providing MiFID investment services.
Please click on the link above for further information.