Directive 2009/65/EC on Undertakings for Collective Investment in Transferable Securities (UCITS)¶
European Parliament & Council of the European Union. (2009). Directive 2009/65/EC on Undertakings for Collective Investment in Transferable Securities (UCITS). Official Journal of the European Union.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Mechanisms¶
- Cap or Floor Rule
- The EU's UCITS "5/10/40" diversification rule is a working example of exactly this: a fund may hold at most ten percent in a single issuer, and holdings above five percent may not together exceed forty percent.
This sourceSets the UCITS diversification limits at 10 percent for one issuer and 40 percent in aggregate for issuer positions above 5 percent.
- The EU's UCITS "5/10/40" diversification rule is a working example of exactly this: a fund may hold at most ten percent in a single issuer, and holdings above five percent may not together exceed forty percent.
Verification¶
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