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UCITS Notifications demystified
Just days following the final implementation of the UCITS IV directive, ESMA released two questions and answers documents gathered by both the general public and competent authorities. The first of these QAs aims to promote “common supervisory approaches and practices” concerning UCITS notifications, as the industry implements its measures. As much as this document can benefit fund managers, its stated purpose targets competent authorities, to ensure that their supervision is in line with ESMA’s responses. Intended to be a living document, this QA is worth bookmarking, as it will be updated continually as new questions are received.
Mario Mantrisi, Chief Strategy and Research Officer at KNEIP, stated...
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