ESMA_QA_1160
Topic
Depositaries
01/10/2016
Subject Matter
KIID Collateral management
Question
According to paragraph 43(g), where there is title transfer, the collateral received should be held by the depositary of the UCITS. Where there is title transfer and where the provider is also the depositary of the UCITS, should the collateral be held by the depositary of the UCITS?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1159
Topic
UCITS eligible assets and investment restrictions
01/10/2016
Subject Matter
KIID Collateral management
Question
When assessing the diversification of the collateral, should re-invested cash collateral be aggregated with non-cash collateral?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1143
Topic
UCITS eligible assets and investment restrictions
01/10/2016
Subject Matter
KIID Collateral management EPM OTC EMIR
Question
Can cash collateral received by UCITS in the context of EPM techniques or OTC financial derivative transactions be used by UCITS for clearing obligations under EMIR?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1142
Topic
UCITS eligible assets and investment restrictions
01/10/2016
Subject Matter
KIID Collateral management
Question
Are government bonds exempt from the provisions laid down in paragraphs 43(a) and paragraphs 43 (e) of the guidelines?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1141
Topic
UCITS global exposure
01/10/2016
Subject Matter
KIID Collateral management
Question
Do the ESMA guidelines require that counterparty risk exposures be aggregated across both financial derivative instruments and efficient portfolio management techniques?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC