Cool response to Esma proposal that strategy indexes comply with Ucits diversification rules
The European Securities and Markets Authority has asked whether diversification within strategy indexes should be judged within the confines of Ucits, while also requesting responses to a discussion paper on synthetic and physical ETFs
The potential for further investigation and regulation of strategy indexes remains under the review of the European Securities and Markets Authority (Esma). Clarification from the regulator is expected after it has scrutinised the responses to a discussion paper on Ucits exchange-traded funds (ETFs) and structured Ucits published on July 22 this year.
The suggestion that strategic indexes should comply with Ucits diversification requirements has jarred with practitioners. A response from the
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