ESMA_QA_1166

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1166

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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: Disclosures

Subject Matter: KIID Financial indices

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Question

Submission Date: 24 March 2014

Paragraph 56 of the guidelines recommends that all levels of an index should be subject to transparency requirements. What does this mean?

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ESMA Answer

Answer Date: 24-03-2014

[ESMA 34-43-392 UCITS Q&A, section 3, Q&A 7c] This means that if a financial index is comprised of other financial indices, the transparency requirements also apply to the underlying indices.

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