Finally, the latest consultation on CP86 has issued. It addresses managerial functions, operational issues and procedural matters. While there is a
ESMA published a speech given by Verena Ross, ESMA Executive Director, on the capital markets union, supervisory convergence and asset management
Article 50(2)(a) of the UCITS Directive permits UCITS to invest up to 10 of its net assets in transferable securities and money market instruments, other than those eligible assets referred to in Article 50(1).
The European Securities and Markets Authority (ESMA) issued a Questions and Answers document on Risk Measurement and Calculation of Global Exposure and Counterparty Risk for UCITS.
On 3 March 2011, the EU Commission published a summary of the responses to its second consultation on legislation concerning the legal certainty of securities holding and dispositions.
On 8 March 2011, the Technical Committee of the International Organization of Securities Commissions (IOSCO) published a consultation report entitled "Principles on Suspension of Redemptions in Collective Investment Schemes".
On 17 February 2011, the EU Commission published a feedback statement summarising the feedback it received to its consultation on the current framework applicable to UCITS depositaries and to introduce new provisions on remuneration for UCITS managers.
On 2 February 2011, the International Organisation of Securities Commissions (IOSCO) published its Final report on point of sale (POS) disclosure principles for collective investment schemes (Funds).
On 2 February 2011, the EU Commission published a communication on commodity markets and raw materials, together with a questions and answers paper.
CESR published guidelines on a common definition for money market funds in May 2010 (the Guidelines) which have been broadly welcomed as a significant advance in achieving a harmonised definition of the term money market fund (MMF) and thus ensuring greater investor protection.