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While calculating 5/10/40 UCITDS rule should we be excluding TD (term deposit)
**Term deposits** are **excluded** from the calculation of the 5/10/40 rule, as they are not considered as transferable securities or other eligible assets for UCITS funds . Term deposits are fixed-term contracts with a bank or financial institution that pay a fixed interest rate at maturity. They aRead more
**Term deposits** are **excluded** from the calculation of the 5/10/40 rule, as they are not considered as transferable securities or other eligible assets for UCITS funds . Term deposits are fixed-term contracts with a bank or financial institution that pay a fixed interest rate at maturity. They are not traded on a regulated market and do not have a diversified issuer.
You can find more information about the UCITS investment and borrowing powers in the FCA Handbook and the ESMA Q&A I hope this helps you. 😊
Source:
See less(1) ESMA updates its Q&As on the UCITS Directive
(2) Chapter 5 Investment and borrowing powers – FCA Handbook. https://www.handbook.fca.org.uk/handbook/COLL/5.pdf.
(3) COLL 5.2 General investment powers and limits for UCITS schemes. https://www.handbook.fca.org.uk/handbook/COLL/5/2.html.
Preferred OMS for Compliance monitoring
The market is full of OMS not limited to the below. Being Admin I can't take sides, related to OMS many speak highly about Aladdin (Blackrock) and CRD(StateStreet).
The market is full of OMS not limited to the below.
Being Admin I can’t take sides, related to OMS many speak highly about Aladdin (Blackrock) and CRD(StateStreet).
See less