The European Securities and Markets Authority (ESMA) has published an updated version of its Q&A paper on the application of the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive (2009/65/EC) as most recently revised by UCITS V (2014/91/EU). The purpose of the Q&A is to promote common supervisory approaches and practices in the application of the UCITS and its implementing measures. The most recent updates reflect a Q&A relating to the valuation of OTC derivatives and are highlighted in yellow in the paper.
The latest version of the Q&A is available here.
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