UCITS What's New 

The European Securities and Markets Authority (ESMA) issued a consultation paper on 30 January 2012 outlining the future regulatory framework for ETFs and other UCITS issues

01 February 2012

On 30 January 2012, the European Securities and Markets Authority (ESMA) published a consultation paper setting out future guidelines on UCITS Exchange-Traded Funds (UCITS ETFs) and other UCITS-related issues. The proposals cover both synthetic and physical UCITS ETFs and detail the obligations to come for UCITS ETFs, index-tracking UCITS, efficient portfolio management techniques, total return swaps and strategy indices for UCITS. Comments to this consultation paper should be posted online by 30 March 2012. The consultation paper is available on ESMA's website www.esma.europa.eu