UCITS ESMA Q&A: Update October 2017

On 5 October 2017, ESMA added a new question and answer in its Q&A on the application of the UCITS Directive in order to clarify that the additional information to be inserted in the UCITS half-yearly and annual reports in accordance with Article 13 of the SFT Regulation¹ should be based on the information at the end of the reporting period ("snapshot"), with the exception of (i) the cash collateral reinvestment returns to the UCITS and (ii) the data on return and costs for each type of securities financing transactions and total return swaps for which ESMA provides further guidance.