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🔗 Back to Summary. 🇫🇷 French Version: 2010L0043_FR.21. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 20 – Management of activities giving rise to detrimental conflict of interest ⬅️ | ➡️ Article 22 – Duty to act in the best interests of UCITS and their unit-holders
Références LVL1 <=> LVL2
Level 1 reference(s): 2009L0065_EN.14 > 1, 2009L0065_EN.12 > 1#b
Article 21 - Strategies for the exercise of voting rights
1.
Member States shall require management companies to develop adequate and effective strategies for determining when and how voting rights attached to instruments held in the managed portfolios are to be exercised, to the exclusive benefit of the UCITS concerned.
2.
The strategy referred to in paragraph 1 shall determine measures and procedures for:
(a)
monitoring relevant corporate events;
(b)
ensuring that the exercise of voting rights is in accordance with the investment objectives and policy of the relevant UCITS;
(c)
preventing or managing any conflicts of interest arising from the exercise of voting rights.
3.
A summary description of the strategies referred to in paragraph 1 shall be made available to investors.
Details of the actions taken on the basis of those strategies shall be made available to the unit-holders free of charge and on their request.