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Template:UCITS IV Article 50(1)(g): Difference between revisions
Template:UCITS IV Article 50(1)(g) (view source)
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::(i) the underlying of the derivative consists of instruments covered by this paragraph, financial indices, interest rates, foreign exchange rates or currencies, in which the {{tag|UCITS}} may invest according to its investment objectives as stated in its fund rules or instruments of incorporation; | ::(i) the underlying of the derivative consists of instruments covered by this paragraph, financial indices, interest rates, foreign exchange rates or currencies, in which the {{tag|UCITS}} may invest according to its investment objectives as stated in its fund rules or instruments of incorporation; | ||
::(ii) the counterparties to OTC derivative transactions are institutions subject to prudential supervision, and belonging to the categories approved by the competent authorities of the {{tag|UCITS}} home Member State; and | ::(ii) the counterparties to OTC derivative transactions are institutions subject to prudential supervision, and belonging to the categories approved by the competent authorities of the {{tag|UCITS}} home Member State; and | ||
::(iii) the [[OTC derivatives]] are subject to reliable and verifiable valuation on a daily basis and can be sold, liquidated or closed by an offsetting transaction at any time at their fair value at the {{tag|UCITS}}’ initiative; or | ::(iii) the [[OTC derivatives]] are subject to reliable and verifiable valuation on a daily basis and can be sold, liquidated or closed by an offsetting transaction at any time at their {{ucits4prov|fair value}} at the {{tag|UCITS}}’ initiative; or | ||