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Version date: 6 June 2019 - onwards
  Version 2 of 2    

Permitted FDI

2. Regulation 8(1)(a) of the Central Bank UCITS Regulations states:

"A responsible person shall only invest assets of the UCITS in an FDI if:

(a) the FDI does not expose the UCITS to risks which the UCITS could not otherwise assume".

A responsible person should not gain exposure to an instrument/issuer/currency to which the UCITS cannot have a direct exposure.

3. Financial derivative instruments ("FDI") on commodities are not permitted FDI for a UCITS.

Comparing proposed amendment...