In a new advisory on UCITS, collateral and securities lending, the European Securities and Markets Authority (ESMA) has reconfirmed what they’ve said all along but the market hadn’t fully digested: UCITS can indeed participate in pledge arrangements for securities loans. This will be welcome news to CCPs, agent lenders and UCITS managers themselves; there are only winners in this document.
This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..
