ESMA publishes updated UCITS Q&A

21 November 2016

ESMA published an updated questions and answers document on the application of the Undertakings for the Collective Investment in Transferable Securities Directive.

The Q&A includes two new questions and answers on how investment limits should be applied where a UCITS wants to invest in an umbrella fund.

The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of the UCITS Directive and its implementing measures.

Full Q&A

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