UCITS eligible assets – legal and regulatory framework / CSSF administrative practice
Objectives
The objectives are to: (i) provide participants with an overview of the legal and regulatory framework applicable to UCITS with regard to eligible asset classes; as well as (ii) details related to the CSSF administrative practice for specific instruments (including disclosure requirements and specific CSSF expectations).
Content
1. Transferable securities
- Explanation of the conditions applicable to the qualification of a financial instrument as a “transferable security”
- Additional conditions applicable to the eligibility of transferable securities under article 41(1) of the law of 17 December 2010 relating to undertakings for collective investment (the “2010 Law”)
- The concept of the so-called “thrash ratio” under article 41(2) of the 2010 Law
–> Case study related to transferable securities and their eligibility for UCITS
2. Money market instruments
- Explanation of the conditions applicable to the qualification as “money market instrument”
–> Case study related to money market instruments and their eligibility for UCITS
3. Derivatives
- Explanation of the rules applicable to investments in financial derivative instruments
–> Case study related to financial derivative instruments and their eligibility for UCITS
4. Overview of the CSSF administrative practice related to specific instruments
- Loans
- Contingent convertible bonds (CoCos)
- Catastrophe bonds (Cat bonds)
- Securitisation instruments (incl. ABS/MBS)
- Special Purpose Acquisition Companies (SPACs)
- Digital assets
–> Case studies related to the eligibility of certain specific instruments for UCITS
5. How to take exposure to ineligible assets?
- Investment in delta one certificates
- Investment in financial indices
–> Case study related to exposure to ineligible assets
Speakers
Our speakers belong to both our specialised and complementary teams and as such, cover all legal, regulatory, taxation and advisory aspects of doing business in Luxembourg. We invite you to check our training agenda where the speakers are listed on each training session.
Target Group
Directors of UCITS; compliance officers, legal officers and risk managers within UCITS management companies, portfolio managers managing UCITS and junior auditors involved in the audit of UCITS.
Duration
3 hours.
Language
English
For more information please contact us by e-mail at institute@arendt.com