Guidelines on the use of financial derivatives instruments for undertakings fo investment in transferable securities

29.12.2006

The Financial Supervisory Authority has on 30th of March 2006 set guidelines on the use of financial derivatives instruments for undertakings for collective investment in transferable securities. The guidelines are based on Commission Recommendation no. 2004/383/EC.

The guidelines regulate risk management process which UCITS management companies must have in place, regular communication to the authority regarding the use of financial derivatives, limits to global exposure concerning financial derivatives, evaluation of market risk, evaluation of leverage, counterparty risk and issuer concentration risk.

For further information contact Mr. Ragnar Hafliðason.

 

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