ESMA has published a consolidated Q&A on the application of the Undertakings for the Collective Investment In Transferable Securities Directive (UCITS). It includes new questions on additional documents funds need to provide to comply with UCITS V. The consolidated Q&A brings together four existing UCITS Q&As on:
- the key investor information document;
- ESMA guidelines on exchange traded funds;
- notification of UCITS and exchange of information between competent authorities; and
- risk measurement and calculation of global exposure and counterparty risk.
(Source: ESMA Publishes Consolidated UCITS Q&A)