This is an update of the guidelines originally published in 2012. The new version of the guidelines modifies the original provision on diversification of collateral received by UCITS in the context of efficient portfolio management techniques and over-the-counter financial derivative transactions.

The Regulation on Key Information Documents for Packaged Retail and Insurance-based Investment Products (PRIIPs Regulation)empowers the three European Supervisory Authorities (ESAs) to prepare draft Regulatory Technical Standards (RTS) in specific areas. This Discussion Paper is a preparatory...