ESMA updated the question and answer (Q&A) documents on Short-Selling Regulation (SSR) and on the application of the Undertakings for the Collective Investment in Transferable Securities (UCITS) Directive. The UCITS Q&A document includes a new answer on the application of remuneration disclosure requirements to staff of the delegate of an UCITS management company, to whom investment management functions have been delegated. The SSR Q&A revises a pre-existing answer regarding locate arrangements, further specifying the requirements for easy-to-borrow and purchase lists.
The Q&A mechanism is a practical convergence tool used to promote common supervisory approaches and practices. It is intended to help investors and other market participants by providing clarity on the requirements.
Keywords: Europe, EU, Securities, Q&A, UCITS, Short Selling Regulation, ESMA
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