Changes to Leverage Calculation for Collective Investment Schemes

Posted 20.08.2012

the CSSF August newsletter clarifies what is expected from Collective Investment Schemes registered in Luxembourg for the calculation of leverage.

it is now compulsory for all such funds to use the notional based approach for all derivatives. It is of immediate effect for new funds and has to be  in place – and prospectus amended - by year end for all existing funds.

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