ESMA Report on Revision of Guidelines for ETFs and other UCITS issues
24 March 2014As a result of feedback received, ESMA have decided to allow all UCITS to be fully collateralised, subject to additional disclosures, in at least 6 different issues of transferable security or money market instrument issued by a Member State, as per the provisions of Article 54 (1) of the UCTIS Directive.
The new provisions will be translated and incorporated into the ESMA Guidelines on ETFs and other UCITS issues.
A copy of the report and related documents can be found on the ESMA website here.
