ESMA · ESMA_QA_951 Answer Published

Issuer concentration

Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Topic
Disclosures
Submitted
2023-02-01
Answered
2023-02-01
Browse UCITS Register → More Q&As on this regulation →

Question

Does the 40% limit set out in Article 52(2) of the UCITS Directive apply to index-tracking UCITS that are subject to Article 53 of the UCITS Directive?

Answer

[ESMA 34-43-392 UCITS Q&A, Section 1, 5a] No. The 40% limit set out in Article 52(2) does not apply to index-tracking UCITS that comply with the requirements set out in Article 53.
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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.

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