ESMA_QA_1139
Topic
UCITS eligible assets and investment restrictions
01/10/2016
Subject Matter
KIID Collateral management
Question
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?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1138
Topic
UCITS eligible assets and investment restrictions
01/10/2016
Subject Matter
KIID Collateral management
Question
When there is transfer of title, can the collateral be held by a custodian that is not the depositary of the UCITS?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1137
Topic
UCITS eligible assets and investment restrictions
01/10/2016
Subject Matter
KIID Collateral management
Question
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?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1136
Topic
UCITS eligible assets and investment restrictions
01/10/2016
Subject Matter
KIID Collateral management
Question
Which types of asset do not comply with the requirement of correlation of paragraph 43 (d) of the guidelines?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1135
Topic
Disclosures
01/10/2016
Subject Matter
KIID Collateral management
Question
Should re-invested cash collateral comply with the 20% issuer limit of paragraph 43 (e)?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC