ESMA has updated its FAQs on:
- the application of the UCITS Directive to include clarification on benchmark disclosure obligations for UCITS both in the KIID and where funds name a target in their investment objectives and policies
- application of the AIFMD to clarify the treatment of short-term interest rate futures for the purposes of leverage exposure calculations an the required frequency of leverage calculation
- MAR to provide further information on reporting, the meaning of “parent” and “related” undertakings and disclosure of inside information relating to emission allowances.