Date: 5th October 2016
Author:
Type: In the news
ESMA, the European Securities and Markets Authority will issue further guidance in March to clear up confusion among exchange traded fund providers regarding upcoming UCITS rules on securities lending, according to the Financial Times. "Esma’s Ucits guidelines, which come into force on February 18, will require asset managers to return all securities lending revenues “net of direct and indirect operational costs” to investors."
Please read the full article here. (Source: Financial Times)