Currency Hedging Survives ESMA UCITS Share Class Cull

February 06, 2017

For the past two years, the European Securities and Markets Authority (“ESMA”), Europe’s main securities regulator, has had UCITS share classes in their sights. It has issued two discussion papers on the topic and has now finalised its work with the issue of its final opinion on - "Share classes of UCITS" issued on 30 January 2017 (the “Opinion”).

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