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By Fiona de WATAZZI, Partner Jasmine CORNIL, Counsel, Arendt Medernach
Undertakings for Collective Investment in Transferable Securities (UCITS) remain the cornerstone of European retail investing, valued for their transparency, investor protection and regulatory certainty. But the landscape continues to evolve. Product innovation and regulatory recalibration are rewriting the playbook, from collateralized loan obligation (CLO) eligibility and the resurgence of Gulf Cooperation Council (GCC)-focused UCITS strategies to new approaches in Money Market Fund (MMF) structuring. Against this backdrop, European Securities and Markets Authority (ESMA)’s report on the Eligible Assets Directive review puts fresh questions and implementation challenges onto...
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