ESMA_QA_1172
24/03/2014
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Subject Matter
KIID Financial indices
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?
ESMA Answer
24-03-2014

[ESMA 34-43-392 UCITS Q&A, section 3, Q&A 7i]

No. Calculation mistakes are not covered by paragraph 59 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