Delete EU Currency Field from the Stock Certificate

Aug 6th, 2022
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Under the previous rules set forth in article 43 (4) of the UCI Law, a UCITS could invest up to 25% of its assets in covered bonds issued by a single EU credit institution, which was subject by law to special public supervision designed to protect bondholders, provided that sums deriving from the issue of those bonds
The key common aspects of UCITS funds are that they must be open-ended and liquid. The flexibility of UCITS is evident in that they may be set up as a single fund or as an umbrella fund that is comprised of several ring-fenced sub-funds, each with a different investment objective and policy.
UCITS rules state a funds top holding must remain below 35% of the portfolio while no other security can exceed 20%. The two ETFs previously tracked indices that held single securities with a weighting greater than 35% meaning BlackRock was manually required to ensure the ETFs did not exceed this limit.
Under the previous rules set forth in article 43 (4) of the UCI Law, a UCITS could invest up to 25% of its assets in covered bonds issued by a single EU credit institution, which was subject by law to special public supervision designed to protect bondholders, provided that sums deriving from the issue of those bonds
A UCITS must limit Ancillary Liquid Assets to bank deposits at sight, such as cash held in current accounts with a bank accessible at any time. Ancillary Liquid Assets held are limited to 20% of the net assets of a UCITS.
No single asset can represent more than 10% of the funds assets; holdings of more than 5% cannot in aggregate exceed 40% of the funds assets. This is known as the 5/10/40 rule.
No single asset can represent more than 10% of the funds assets; holdings of more than 5% cannot in aggregate exceed 40% of the funds assets. This is known as the 5/10/40 rule.
UCITS may not make investments in closed end funds for the purpose of circumventing the investment limits provided for UCITS by the UCITS Directive. 4. Closed end funds in contractual form are eligible where their corporate governance mechanisms are equivalent to those applied to companies generally. 5.

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