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The European Securities and Markets Authority (ESMA) has published an updated questions and answers document (Q&A) on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS). The Q&A includes a new question and answer on UCITS investment in UCITS feeder funds.
The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of the UCITS and its implementing measures.
