ESMA_QA_1178

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1178

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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: UCITS eligible assets and investment restrictions

Subject Matter: KIID Transitional provisions

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Question

Submission Date: 15 March 2013

Are structured UCITS created after the entry into force of the guidelines and which are compartments of an umbrella UCITS created before the guidelines take effect subject to the grandfathering rule set out in paragraph 64 of the guidelines.

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ESMA Answer

Answer Date: 15-03-2013

[ESMA 34-43-392 UCITS Q&A, section 3, Q&A 8d] No. The transitional provisions apply to compartments of umbrella UCITS and not to umbrella UCITS themselves.

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