ESMA_QA_1103

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1103

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Regulatory Context

Regulation : UCITS

Level 1 Regulation: Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: ETFs

Subject Matter: ESMA’s guidelines on ETFs and other UCITS issues - Information to be inserted in the prospectus

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Question

Submission Date: 11 July 2013

Can the prospectus of an index-tracking UCITS mention both replication methodologies (physical and synthetic replication)?

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ESMA Answer

Answer Date: 11-07-2013

[ESMA 34-43-392 UCITS Q&A, section 3, Q&A 1a] Yes. If the UCITS intends to use both replication methodologies either at the same time or alternatively, this should be reflected in the prospectus.

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This document was automatically extracted from the ESMA EMIR Q&A database.