RETURN TO PREVIOUS PAGE

For full Regulatory background on all UCITS Rules, including jurisdictional differences, click here.

The test scripts for all rules are below which detail the parameters being analysed in each scenario:

UCITS Rules 1-10
UCITS Rules 11-33

The UCITS Rules are tested on the Sandbox Funds range this includes all jurisdictional variances.

Scheme Level:
RuleLink
UCITS01: Assets must be Eligible Asset TypesClick Here
UCITS02: Securities must be Eligible Transferable SecuritiesClick Here
UCITS02b: MMI must be eligible money market instrumentsClick Here
UCITS03: CIS must be UCITS or Equivalent Non-UCITS CISClick Here
UCITS04: CIS must invest max. 10% in other CISClick Here
UCITS05: Deposits must have a maturity of less than 12 months or be Repayable Upon DemandClick Here
UCITS05b: Certificates of Deposit must have a maturity of less than 397 daysClick Here
UCITS06: Deposits must be made with Acceptable Credit InstitutionsClick Here
UCITS07: FDI must have Eligible Underlying’sClick Here
UCITS08: OTC Derivatives must be with Acceptable CounterpartiesClick Here
UCITS09: OTC Derivatives must be Capable of Reliable ValuationClick Here
UCITS10: 10% max. in Transferable Securities and Approved MMI not on Eligible MarketClick Here
UCITS11: Warning: Where unlisted securities are to be listed within a yearClick Here
UCITS12-14 Cover All: Max 10% of Security Issued CapitalClick Here
UCITS13Scheme: 10% max. of Non- Voting Shares Issued by Single Issuing BodyClick Here
UCITS14 Scheme: 10% max. in Debt Securities Issued by a Single Issuing BodyClick Here
UCITS15: 25% max. in the units in issue of any single CISClick Here
UCITS15Inst: 25% max. in the units in issue of any single CISClick Here
UCITS16Issuer: 10% max. in Securities or Money Market Instruments issued by the Same BodyClick Here
UCITS16IssuerGroup: 10% max. in Securities or Money Market Instruments issued by the Same BodyClick Here
UCITS16v2: Index tracking: 20% max. in Shares and/or Debt Securities Issued by the Same BodyClick Here
UCITS17Issuer: 40% max. in Securities and MMI of Issuing Bodies in which More than 5% is inClick Here
UCITS17IssuerGroup: 40% max. in Securities and MMI of Issuing Bodies in which More than 5% is inClick Here
UCITS18: Max 35% in the Securities of any One GAPS Issuer, unless the Issuer is 100% GAPSClick Here
UCITS19: If Issuer is a 100% GAPS Issuer, Max 30% in any One IssueClick Here
UCITS19b: Max 100% Exposure to Any One GAPS IssuerClick Here
UCITS20: IF GOPS Issuer >35%, Minimum 6 Issues of the IssuerClick Here
UCITS20Alt: If GOPS Issuer holding is >35%, min 6 GOPS issues held of any issuerClick Here
UCITS21: 25% Max. in Covered Bonds (Bonds Issued by a Credit Institution with Special Public SuperviClick Here
UCITS22: Max 80% in Covered Bonds (Bonds Issued by Credit Institutions with Special Public SupervisiClick Here
UCITS23: 20% max. in Deposits made with the Same Credit InstitutionClick Here
UCITS24: A UCITS may hold Ancillary Liquid Assets (Internal Limit – max 10% NAV)Click Here
UCITS25: 20% max. in Any Single CISClick Here
UCITS26: 30% max. in Aggregate in CIS which are not UCITSClick Here
UCITS27a: 5% max. OTC Derivatives with Eligible CounterpartiesClick Here
UCITS27b: 10% max OTC Derivatives for Credit InstitutionsClick Here
UCITS27CoverAll Scheme: Warning max 5% OTC Derivatives with Eligible Counterparties at a CounterpartClick Here
UCITS28(Global): 200% max. total exposure (incl 100% FDI)Click Here
UCITS29: Liquid Assets Cover for Derivative ObligationsClick Here
UCITS30: Specific Cover for Derivatives ObligationsClick Here
UCITS31: No physical Short SellingClick Here
UCITS32v2: 10% max. in negative cash (with netting at currency level)Click Here
UCITS33: Consolidated Exposure (excl. Covered bonds & GAPS) must be less than 20% NAVClick Here
UCITS33b: Consolidated Exposure (incl. Covered bonds but excl. GAPS) must be less than 35% NAVClick Here
UCITS34: No Investment in CIS of the Same UmbrellaClick Here
UCITS37a: Schemes must not partake in persistent borrowing (netting)Click Here
UCITS37b: Schemes must not partake in persistent borrowing (no netting)Click Here
UCITS37c: Schemes must not partake in persistent borrowing (127 days out of 180)Click Here
Umbrella Level:
RuleLink
UCITS13Umbrella: 10% max. of Non-Voting Shares Issued by Single Issuing BodyClick Here
UCITS14Umbrella: 10% max. in Debt Securities & MMI issued by a single issuing bodyClick Here
Management Fund House Level:
RuleLink
UCITS12Manager: 20% Max. of Voting Shares per Single Issuing BodyClick Here