ESMA consultation paper entitled “ESMA’s Guidelines on ETFs and other UCITS issues”


On 30 January 2012 ESMA published a consultation paper which sets out ESMA’s proposed guidelines on UCITS ETFs, index-tracking UCITS, efficient portfolio management techniques, total return swaps and strategy indices for UCITS. ESMA has requested responses to the consultation paper from interested parties in advance of the adoption of the finalised guidelines in the second quarter of 2012. A summary of the proposed guidelines follows.

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