Paragraph 56 of the guidelines recommends that all levels of an index should be subject to transparency requirements. What does this mean?

Do the guidelines on financial indices apply only to index-tracking UCITS?

Do the guidelines on financial indices also apply to UCITS that only use financial indices as performance benchmark?

How should UCITS calculate their counterparty risk for exchange-traded derivatives and OTC transactions that are centrally cleared under the European Market Infrastructure Regulation (EMIR)?

When the UCITS ETF is open for direct redemptions, should UCITS management companies arrange the redemptions directly with secondary market investor of the UCITS ETF?