Twitter Logo Youtube Circle Icon LinkedIn Icon

Publishing firms

Legal Developments worldwide

Luxembourg CSSF circular implements ESMA guidelines on ETFs and other UCITS issues

March 2013 - Finance. Legal Developments by Chevalier & Sciales .

More articles by this firm.

The CSSF has published on February 18 Circular 13/559 implementing the guidelines published by European Securities and Markets Authority on 18 December 2012 for EU regulators and UCITS management companies on exchange-traded funds and other UCITS issues. The guidelines set out the information that such funds must publish in their prospectus, key investor information document and annual report, including monitoring of tracking error, the index replication method and leverage policy. For leveraged funds, the requirements include information on global risk calculation and management. For ETFs that engage in some sort of active management, how the investment policy is implemented must be specified.

Please download Newsflash 

 

For any query, please contact:

Olivier Sciales

Chevalier & Sciales

Partner

Office: + 352 26 25 90 30
Fax: +352 26 25 83 88

Email: oliviersciales@cs-avocats.lu
website: www.cs-avocats.lu
Linkedin: http://www.linkedin.com/in/oliviersciales
Twitter: @oliviersciales