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ARTICLE · 02 APRIL 2021

UCITS/UCIs/AIFs: Use Of Securities Financing Transactions

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

On 18 December 2020, and simultaneously with the publication of the results of its Thematic Review Portfolio Management by UCITS , the CSSF published an FAQ ("FAQ") on the use of the following...

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

On 18 December 2020, and simultaneously with the publication of the results of its Thematic Review Portfolio Management by UCITS, the CSSF published an FAQ ("FAQ") on the use of the following securities financing transactions ("SFTs") by UCITS: securities lending transactions, reverse repurchase agreement transactions, repurchase agreement transactions, buy/sell-back and sell/buy-back transactions.

The objective of the FAQ is to bring further clarity concerning the use by UCITS of these SFTs, thereby taking into account the applicable regulatory framework as well as the supervisory experienced gained by the CSSF over the last years.

Although the focus of the FAQ is on the SFTs used by UCITS listed above, the CSSF also expects the following entities to consider the clarifications given in the FAQ:

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