ESMA_QA_1047
Topic
EuSEF
26/03/2014
Subject Matter
Management and marketing of AIFs by EuSEF and EuVECA managers
Question
Can EuSEF and EuVECA managers manage and market AIFs?
Level 1 Regulation
European Social Entrepreneurship Funds Regulation (EuSEF) Regulation (EU) No 346/2013
ESMA_QA_1045
Topic
EuSEF
26/03/2014
Subject Matter
Registration of EuSEF and EuVECA managers
Question
Should EuSEF and EuVECA managers register with their national competent authorities twice i.e. once under the AIFMD and once under the EuSEF and EuVECA Regulations?
Level 1 Regulation
European Social Entrepreneurship Funds Regulation (EuSEF) Regulation (EU) No 346/2013
ESMA_QA_1174
Topic
UCITS eligible assets and investment restrictions
24/03/2014
Subject Matter
KIID Financial indices
Question
Paragraph 50 of the guidelines prohibits investment by UCITS in commodity indices that do not consist of different commodities and applies a correlation factor to be considered in this regard. Can UCITS invest in a commodity index for which a particular commodity component does not have 5 years of price history available for the purposes of the correlation observation?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1173
Topic
Disclosures
24/03/2014
Subject Matter
KIID Financial indices
Question
According to paragraph 55 of the guidelines, UCITS should not invest in financial indices for which the full calculation methodology to, inter alia, enable investors to replicate the financial index, is not disclosed by the index provider. Such information should be easily accessible, free of charge. What is meant by disclosed, easily accessible and free of charge in the context of the guidelines?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1172
Topic
UCITS eligible assets and investment restrictions
24/03/2014
Subject Matter
KIID Financial indices
Question
According to paragraph 59 of the guidelines, UCITS should not invest in financial indices whose methodologies permit retrospective changes to previously published index values (‘backfilling’). Does this provision cover calculation mistakes?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC