Ucits index rules

specifically referenced in the index methodology documents. companies for UCITS or 15 companies for RIC capping, they then become the final weights of the. non-UCITS funds, it is not appropriate, in all cases, to harmonize the rules between ESMA believes that the prospectus for index-tracking UCITS ETFs should  requirements for the organisation, management and oversight of UCITS funds and replicate all of the underlying hedge fund strategies, as long as such index  

10 Jan 2020 Accordingly, as part of the fund approval process, a UCITS will only be required to confirm that a financial index meets the CBI's regulatory  All UCITS are subject to the same strict rules, and in addition ETFs are also subject to listing rules Such requirements should apply to all index-tracking UCITS. AMUNDI BBB EURO CORPORATE INVESTMENT GRADE UCITS ETF seeks to For more information on the index rules, please consult the fund prospectus or   The NYSE Arca Gold Miners Index (GDM) is a rules-based index designed to measure the performance of highly capitalized companies in the Gold Mining  respect to index-tracking UCITS and UCITS ETFs together with specific rules to be applied guidelines addressing the use of financial indices in UCITS funds. ESMA/2014/937: Guidelines on ETFs and other UCITS issues with respect to index-Tracking UCITS and UCITS ETFs, (ii) specific rules to be applied by UCITS  

In these circumstances, the index could avail of the increased "20/35" concentration limit envisaged by the UCITS rules (i.e. exposure to the same issuer cannot be more than 20% and exposure to one issuer may be raised to 35% where this is justified by exceptional market conditions).

In these circumstances, the index could avail of the increased "20/35" concentration limit envisaged by the UCITS rules (i.e. exposure to the same issuer cannot be more than 20% and exposure to one issuer may be raised to 35% where this is justified by exceptional market conditions). Is the index a representative benchmark? 1. The index measures the performance of a representative group 2. It is revised and rebalanced periodically 3. Underlyings are sufficiently liquid (possiblity to replicate it if necessary) Is it published in an appropriate manner? 1. Sound procedures to collect prices, calculate the index and publish it 2. Since the introduction of a UCITS III, UCITS whose policy is to replicate an index is now permitted to invest up to 20% of net assets in shares and/or debt securities issued by the same body, with the 20% limit being raised up to 35% in the case of a single issuer where justified by exceptional market conditions. The original rules for asset diversification caused a problem for UCITS wishing to track indices with weightings of individual constituent securities of more than 5 percent or aggregate weightings Guidelines on ETFs and other UCITS issues This is an update of the guidelines originally published in 2012. The new version of the guidelines modifies the original provision on diversification of collateral received by UCITS in the context of efficient portfolio management techniques and over-the-counter financial derivative transactions. The Undertakings for the Collective Investment in Transferable Securities (UCITS) rules forbid funds to invest in commodities or in financial derivatives instruments of commodities with embedded delivery mechanisms. Nevertheless, fund managers have several other avenues to explore in order to gain exposure to Index-tracking leveraged UCITS must comply with the limits and rules on global exposure estab- lished by Article 51(3) of the UCITS Directive. They should calculate their global exposure using ei- ther the commitment approach or the relative Value at Risk approach according to the rules set out

respect to index-tracking UCITS and UCITS ETFs together with specific rules to be applied guidelines addressing the use of financial indices in UCITS funds.

(i) 20% and 35% Rule. Since the introduction of a UCITS III, UCITS whose policy is to replicate an index is now permitted to invest up to 20% of net assets. 14 Dec 2018 The Central Bank of Ireland (CBI) has introduced a self-certification regime for indices used by UCITS funds. This policy change, which has  10 Jan 2020 Accordingly, as part of the fund approval process, a UCITS will only be required to confirm that a financial index meets the CBI's regulatory 

1 Aug 2014 The reporting requirements set out under Paragraph 7 apply for the UCITS ETF which tracks an index and does not have such discre- tion).

The NYSE Arca Gold Miners Index (GDM) is a rules-based index designed to measure the performance of highly capitalized companies in the Gold Mining 

The Undertakings for the Collective Investment in Transferable Securities (UCITS) rules forbid funds to invest in commodities or in financial derivatives instruments of commodities with embedded delivery mechanisms. Nevertheless, fund managers have several other avenues to explore in order to gain exposure to

1 This limit of 10% per issuer may be of a maximum of 20% in the case of index funds i.e. UCITS that replicate passively the performance of a financial index. 2 Limit to be checked at group level. In these circumstances, the index could avail of the increased "20/35" concentration limit envisaged by the UCITS rules (i.e. exposure to the same issuer cannot be more than 20% and exposure to one The CBI’s relaxation of the rules applicable to financial indices only relates to the confirmation process. Where an index requires certification (because the underlying components of the index are not UCITS-eligible assets or the weightings within the index might exceed the “5/10/40” diversification rule), the UCITS, at all times, may Guidelines on ETFs and other UCITS issues This is an update of the guidelines originally published in 2012. The new version of the guidelines modifies the original provision on diversification of collateral received by UCITS in the context of efficient portfolio management techniques and over-the-counter financial derivative transactions. UCITS is the acronym for “Undertaking for Collective Investment in Transferable Securities”. It refers to European Directive 85/611/EEC dated 20 December 1985, which set up a single regulatory regime across the European Union for open-ended funds investing in transferable securities such as shares and bonds, The UCITS V Directive (“UCITS V”) amends the regulatory framework for Undertakings for Collective Investment in Transferable Securities (“ UCITS ”) to address issues relating to the depositary function, manager remuneration and administrative sanctions. The FTSE UCITS Capped Indexes enable investors to meet the diversification requirements of European Union registered funds. Features Coverage: Derived from the FTSE Global Equity Index Series (GEIS), which covers 98% of the world’s investable market capitalization. Liquidity: Stocks are screened to ensure that the index is tradable

17 Sep 2015 Collective Investment in Transferable Securities (UCITS) rules forbid of commodities is: Commodity Index Futures, Commodity Exchange  15 Feb 2013 A UCITS proposing to use a financial index comprised of eligible assets with concentration levels in excess of that permitted by the Regulations,