The Joint Associations Committee on Retail Structured Products, which includes ISDA, has published its response on key aspects of the Commission's UCITS VI consultation. The response focuses on:
- eligible assets and use of derivatives;
- efficient portfolio management techniques; and
- OTC derivatives.
The response gives detailed views on the current regime, which the associations find appropriate in many ways, but looks at areas that would benefit from clarification. It also notes a number of misunderstandings in the Commission proposals. (Source: JAC Response to UCITS VI)