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ESMA Finalises Guidelines On Repo Arrangements For UCITS Funds

Date 04/12/2012

The European Securities and Markets Authority (ESMA) has today published its final guidelines on repurchase and reverse repurchase agreements for UCITS funds.  The guidelines state that UCITS should only enter into such agreements if they are able to recall at any time any assets or the full amount of cash.

The key elements of the guidelines are outlined in the attached press release.