ESMA’s proposals go wider than ETFs and cover such areas as the use of total return swaps by any UCITS, for which ESMA envisages additional obligations with respect to the collateral to be provided, or UCITS investing in strategy indices, where the requirements on eligibility of such indices have been tightened. The proposals also include placing an obligation on UCITS ETFs to use an identifier, and facilitating the ability of investors to redeem their shares, whether in the secondary market or directly with the ETF provider.
Press release
© ESMA
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