ESMA opinion on UCITS share classes – our service offering
07-03-2017
Back to news list On 30 January 2017, ESMA published an opinion on UCITS share classes detailing the four high-level principles a UCITS must follow when setting up different share classes and the share class hedging techniques which comply with such principles. As a consequence existing non-compliant share classes may continue to operate but will need to be closed for new subscriptions before 30 July 2017 and for subsequent subscriptions before 30 July 2018. The CSSF communicated in a press release from 13 February 2017 that they expect UCITS to take the necessary measures to comply with the transitional provisions set forth in the ESMA Opinion.
EFA offers its clients:
- Assistance in the identification process to determine the in / out of scope status of the share classes
- Confirmation of the segregation of the assets and P/L for the hedged share classes
- Monitoring of the hedged positions, through the use of EFA's investment compliance services, to ensure that the hedged share classes are / remain compliant
- Implementation of stress testing solutions
- Amendment of financial reports and KIIDs