ESMA_QA_1172

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1172

---

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: UCITS eligible assets and investment restrictions

Subject Matter: KIID Financial indices

---

Question

Submission Date: 24 March 2014

According to paragraph 59 of the guidelines, UCITS should not invest in financial indices whose methodologies permit retrospective changes to previously published index values (‘backfilling’). Does this provision cover calculation mistakes?

---

ESMA Answer

Answer Date: 24-03-2014

[ESMA 34-43-392 UCITS Q&A, section 3, Q&A 7i] No. Calculation mistakes are not covered by paragraph 59 of the guidelines.

---

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