ESMA Publishes Guidelines on ETFs and other UCITS issues

European Securities and Markets Authority

January 30, 2012

On 30 January, ESMA published a consultation paper (ESMA/2012/44) which sets 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.