Paragraph 43(e) refers to “a basket of collateral with a maximum exposure to a given issuer of 20% of its net asset value”. Does this diversification requirement refer to the basket of collateral or to the net asset value of the UCITS?

When there is transfer of title, can the collateral be held by a custodian that is not the depositary of the UCITS?

Are tripartite agreements for collateral management in the context of efficient portfolio management techniques and OTC financial derivative transactions forbidden by paragraph 40(g) of the guidelines?

Which types of asset do not comply with the requirement of correlation of paragraph 43 (d) of the guidelines?

Should re-invested cash collateral comply with the 20% issuer limit of paragraph 43 (e)?