Document details

View
  • Reference2012/44
  • Publication Date30/01/2012
  • Creation Date30/01/2012
  • TypeConsultation paper
  • SectionsInvestment Management
  • ResponsesView responses

Summary

In the summer of 2010 ESMA started looking into the operation of UCITS making use of the new investment freedoms introduced by the UCITS III Directive and the Eligible Assets Directive (2007/16/EC) in order to identify the possible impact on investor protection and market integrity. As part of this work, ESMA published a discussion paper on policy orientations on guidelines for UCITS Exchange-Traded Funds and Structured UCITS on 22 July 2011 (ESMA/2011/220), responses to which were due by 22 September. This consultation paper represents the next stage in the development of ESMA guidelines in this area.

ESMA will take into account responses to this consultation paper in finalising the guidelines for adoption in Q2 2012.