ESMA_QA_1143
01/10/2016
Subject Matter
KIID Collateral management EPM OTC EMIR
Original 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?
ESMA Answer
01-10-2016
Original language
[ESMA 34-43-392 UCITS Q&A, section 3, Q&A 6j]
No. Cash collateral received by UCITS can only be placed or invested in the assets listed in paragraph 43(j) of the guidelines.
Status: Answer Published
Additional Information
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Topic
UCITS eligible assets and investment restrictions