ESMA Call for Evidence
on the review of the Commission Directive 2007/16/EC on UCITS eligible assets
The Call for Evidence is launched in the context of the European Commission’s formal request to ESMA to provide technical advice on the review of the Commission Directive 2007/16/EC on UCITS eligible assets (‘UCITS EAD’). The Commission has mandated ESMA to carry out an assessment of the implementation of the UCITS EAD in the Member States and to analyse whether any divergences have arisen in this area and to provide a set of recommendations on how the EAD should be revised to keep it in line with market developments.
To this end, ESMA seeks stakeholders input on a number of questions, inter alia, to gather insights on the manner and the extent to which UCITS have gained direct and indirect exposures to certain asset classes that may give rise to divergent interpretations and/or risk for retail investors (e.g. structured/leveraged loans, catastrophe bonds, emission allowances, commodities, crypto assets, unlisted equities).
ESMA will consider all comments received by Wednesday, 7 August 2024.
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19 March 2007
Commission Directive 2007/16/EC of 19 March 2007
implementing Council Directive 85/611/EEC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) as regards the clarification of certain definitionsEU directive