ESMA · ESMA_QA_1166 Answer Published
KIID Financial indices
- Regulation
- Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
- Topic
- Disclosures
- Submitted
- 2014-03-24
- Answered
- 2014-03-24
Question
Paragraph 56 of the guidelines recommends that all levels of an index should be subject to transparency requirements. What does this mean?
Answer
[ESMA 34-43-392 UCITS Q&A, section 3, Q&A 7c] This means that if a financial index is comprised of other financial indices, the transparency requirements also apply to the underlying indices.
This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
Similar Q&As
More Q&As on this topic
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.