CESR says yes to commodities
Regulation Update
The Committee of European Regulators (CESR) has reached a consensus. Following the publication of a second consultation paper last month it has now recommended that commodity indexes are permissible underlyings for undertakings for collective investments in transferable securities (Ucits) III. The objective of the second consultation was to clarify the definitions of eligible assets for investments under the Ucits structure, which allows funds domiciled in an EU member state to be passported
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