The members of the European Association of Co-operative Banks (EACB) welcome the opportunity to respond to the ESMA Consultation paper on the “Revision of the provisions on diversification of collateral in ESMA’s guidelines on ETFs and other UCITS issues”.
In general, the EACB favours ESMA’s intention to reconsider its position on the requirements on collateral diversification received by UCITs. For the detailed considerations of the EACB concerning the proposed amendment of paragraph 43(e) of the guidelines on ETFs and other UCITS issues (ESMA/2012/832) please download the PDF or consult or position papers web page.