Difference between revisions of "ESMA Regulation - White Paper - ESMA’s policy orientations on guidelines for UCITS Exchange-Traded Funds and Structured UCITS - July 2011"

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<div class="item">[[ESMA Regulation - White Papers]]</div>
 
<div class="item">[[European Swaps Regulation]]</div>
 
<div class="item">[[UCITS Regulation]]</div>
 
<div class="item">[[UCITS Regulation - Papers]]</div>
 
<div class="item">[[Swaps Regulation]]</div>
 
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<div class="content"><div class="headerimage">[[File:mw_links.png‎]]</div>
 
<div class="item">[http://www.marketswiki.com/mwiki/ETF Exchange-traded funds]</div>
 
<div class="item">[http://www.marketswiki.com/mwiki/Financial_Stability_Board Financial Stability Board]</div>
 
<div class="item">[http://www.marketswiki.com/mwiki/European_Securities_and_Markets_Authority European Securities and Markets Authority]</div>
 
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''July 2011''
 
  
Summary of contents of the paper:<br>
 
"This discussion paper sets out ESMA’s policy orientations on possible guidelines on the Undertaking for Collective Investment in Transferable Securities (UCITS), Exchange Traded Funds (ETFs) and structured UCITS. For UCITS ETFs, ESMA has identified the following topics for which guidelines should be developed:
 
*Identifier;
 
*Index-tracking issues;
 
*Securities lending activities;
 
*Actively-managed ETFs;
 
*Leveraged ETFs;
 
*Secondary market investors;
 
*Quality and types of collateral received.
 
 
For structured UCITS, ESMA is of the view that the role of swap counterparties in total return swaps should be subject to specific safeguards as well as the use of strategy indices.
 
 
Responses to this discussion paper will help ESMA in narrowing down its policy approach. In light of the feedback received, ESMA will develop a consultation paper on proposed guidelines for UCITS Exchange-Traded Funds and structured UCITS."
 
 
[[ESMA]] will accept [http://www.esma.europa.eu/index.php?page=to_respond&id=187 public comments] on this paper until September 22, 2011.
 
 
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== References ==
 
<references />
 
 
[[Category:EU White Papers]]
 
[[Category:Exchange Traded Funds]]
 
[[Category:ESMA White Papers]]
 
[[Category:European Securities and Markets Authority]]
 
[[Category:UCITS]]
 

Latest revision as of 18:01, 10 July 2012