UCITS liquid financial assets: Difference between revisions
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===See also=== | ===See also=== | ||
*[[UCITS fair value]] | *[[UCITS fair value]], which comes from Article 19(1)(g) of [http://www.esma.europa.eu/system/files/Dir_85_611.PDF Directive 85/611/EEC] | ||
*{{tag|UCITS}} | *{{tag|UCITS}} | ||
The concept of liquid financial assets is in [http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2007:079:0011:0019:EN:PDF Commission Directive 2007/16/EC] at Article 8. | |||
===Article 8 | |||
===Article 8: Liquid financial assets with respect to financial derivative instruments=== | |||
Liquid financial assets with respect to financial derivative instruments | |||
1. The reference in Article 1(2) of Directive 85/611/EEC to liquid financial assets shall be understood, with respect to financial derivative instruments, as a reference to financial derivative instruments which fulfil the following criteria:<br> | 1. The reference in Article 1(2) of Directive 85/611/EEC to liquid financial assets shall be understood, with respect to financial derivative instruments, as a reference to financial derivative instruments which fulfil the following criteria:<br> | ||
:(a) their underlyings consist in one or more of the following:<br> | :(a) their underlyings consist in one or more of the following:<br> | ||