| UCITS 01 | No acting as guarantor |  |  | | |
| No granting loans |
| UCITS 0.0: No Ineligible Assets for UCITS |
| UCITS 01.1: No precious metals |
| UCITS 01.2: No certificates representing precious metals |
| UCITS 01.4: No commodities |
| UCITS 01.5: No Physical Short Selling |
| UCITS 02 | UCITS 02.1: Securities must be transferable securities | | | If a standard type of security that should be automatically defaulted as Transferable, this should be updated for in the RCA by the client’s projects team. RCA. Is transferable
Otherwise, for manually considered complex instruments, this needs ….[added to white list??] | |
| UCITS 03 | UCITS 03.1: Closed end funds must be regulated | | | If the fund invested into is a UCITS fund or is equivalent to a UCITS fund this must be marked as such in the security master. | |
| UCITS 03.2: Closed end funds must have segregation of assets |
| UCITS 03.3: Closed end funds must have appropriate governance mechanisms |
| UCITS 04 | UCITS 04.1: MMI must be approved MMI | | | If this requirement is met, then update in equity master, field. Custom Attribute. Max investment in other CIS. | |
| UCITS 05 | UCITS 05.1: CIS invested into which are not UCITS must be equivalent to UCITS | | | | |
| UCITS 05.2: CIS invested into must invest max. 10% of their NAV in other CIS |
| UCITS 06 | UCITS 06.1: Deposits must have a maturity of less than 12 months or be repayable upon demand | | | If the deposit is with a deposit taker that is an approved credit institution, then update the deposit taker in the company master. Field Is. Approved Deposit Taker = True. | |
| UCITS 06.2: Deposits must be made with acceptable credit institutions |
| UCITS 07 | UCITS 07.1: Derivatives must have eligible underlyings | | | | |
| UCITS 07.2: OTC derivatives must be with acceptable counterparties |
| UCITS 07.3: OTC derivatives must be capable of reliable valuation |
| UCITS 08 | | | | If the counterparty is a valid counterparty, this needs reflected in the Company Master, as either a 5% or 10% counterparty. | |
| UCITS 09 | | | | If a standard type of derivative that is capable of valn, this should be updated for in the RCA by the client’s projects team.
Otherwise, for manually considered complex instruments, this needs marked in derivative master that it has reliable valuation, if agreed by client. | |
| UCITS 10 | UCITS 10: At Manager level, Max 20% of the Voting Shares issued by any one issuer | | | | |
| UCITS 11 | UCITS 11a: At Portfolio level, Max 10% of the non-voting shares issued by any one issuer (excl. GOPS) | | | | |
| UCITS 11b: At Umbrella Level, Max 10% of the non-voting shares issued by any one issuer (excl. GOPS) |
| UCITS 12 - 14 | UCITS 12 - 14 Cover all: Max 10% of the issued capital of any one security | | | If result is showing a massive percentage, e.g. 100000%, then this is because the issued capital data is missing and needs manually researched. | |
| UCITS 12 | UCITS 12a: At Portfolio level, Max 10% of the Debt Securities issued by any one issuer (excl. GOPS) | | | | |
| UCITS 12b: At Umbrella level, Max 10% of the Debt Securities issued by any one issuer (excl. GOPS) |
| UCITS 13 | UCITS 13a: At Portfolio level: Max 10% of the MMI issued by any one issuer (excl. GOPS) | | | | |
| UCITS 13b: At Umbrella level: Max 10% of the MMI issued by any one issuer (excl. GOPS) |
| UCITS 14 | UCITS 14: Umbrella - 10% max. in Debt Securities issued by a Single Issuing Body | | | Government bonds should not be included. If breaching issuer is a Government or Pubic Issuer, this needs update in the Company Master, field “Is GOPS” | |
| UCITS 14a: At Portfolio level, Max 25% of the units in issue of any one CIS (portfollio), except for the Master |
| UCITS 14b: At Umbrella level, Max 25% NAV of the units in issue of any one CIS (portfolio), except for Master (excl. GOPS) |
| UCITS 15 | UCITS 15: Umbrella to scheme - 25% max. in the units in issue of any single CIS | | | | |
| UCITS 15: Feeders Scheme - 25% max. in the units in issue of any single CIS, except for Master |
| UCITS 15a: Max 10% NAV in Transferable Securities and approved MMI not on eligible market |
| UCITS 15b Max 10% NAV in Securities to be listed within one year, excl. 144A securities |
| UCITS 16 | UCITS 16a Issuer: Max 10% NAV in Securities & MMI issued by the same Issuer | | | Government bonds should not be included. If breaching issuer is a Government or Pubic Issuer, this needs update in the Company Master, field “Is GOPS” | |
| UCITS 16b Issuer Group: Max 10% NAV in Securities & MMI issued by the same Issuer Group |
| UCITS 17 | UCITS 17 Issuer: Max 40% NAV in Securities & MMI where the exposure to the UL issuer is greater than 5% NAV | | | Index derivatives should not be being included. If included, ….. | |
| UCITS 18 | UCITS 18 Max 100% NAV Exposure to any one GOPS Issuer | | | If prospectus permits greater than 35% investment in the GOPS issuer, then this needs reflected in the scheme mandate. | |
| UCITS 19 | UCITS 19: Max 35% NAV in the Securities of any one GOPS Issuer, unless the Issuer is a 100% GAPS Issuer | | | | |
| UCITS 20 | UCITS 20ALT: If GOPS Issuer holding is >35%, minimum 6 GOPS issues held of that issuer group | | | | |
| UCITS 21 | UCITS 21: If GOPS Issuer holding is >35% NAV, minimum 6 GOPS issues held of any GOPS issuer | | | | |
| UCITS 22 | UCITS 22: Max 25% NAV in Covered Bonds of any one Issuer | | | | |
| UCITS 23 | UCITS 23: Max 80% NAV in Covered Bonds in which more than 5% is Invested in any one Issuer Issuer | | | | |
| UCITS 24 | UCITS 24: Max 20% NAV in Deposits with any one Credit Institution | | | | |
| UCITS 25 | UCITS 25 Lux: Lux: A UCITS may hold ancillary liquid assets (Lux market practice - Max 49% NAV) | | | | |
| UCITS 25: A UCITS may hold ancillary liquid assets (internal limit - max 10% NAV) |
| UCITS 25 v2: Feeder - 20% max in any single CIS other than the Master Fund |
| UCITS 26 | UCITS 26: Max 20% NAV in any one CIS, other than the Master Fund | | | | |
| UCITS 27 | UCITS 27: Max 30% NAV in aggregate in CIS which are not UCITS | | | If the counterparty is a valid counterparty, this needs reflected in the Company Master, as either a 5% or 10% counterparty. | |
| UCITS 28 | UCITS 28 Cover All: Warning: Max 5% NAV in aggregate in OTC Derivatives with any one Counterparty Group | | | | |
| UCITS 28a: Max 5% NAV in aggregate in OTC Derivatives with any one Eligible Counterparties, other than a Credit Institution |
| UCITS 28b: Max 10% NAV in aggregate in OTC Derivatives with any one Eligible Counterparties, which is a Credit Institution |
| UCITS 29 | UCITS 29: Consolidated Exposure to any one Issuer Group (excl. Covered bonds & GAPS) must be less than 20% NAV | | | | |
| UCITS 30 | UCITS 30: Consolidated Exposure to any one Issuer Group (incl. Covered bonds but excl. GAPS) must be less than 35% NAV | | | | |
| UCITS 31 | UCITS 31: UCITS Global Exposure - Max 100% NAV | | | | |
| UCITS 31: UCITS Global Exposure - Portfolio total exposure 200% NAV |
| UCITS 32 | UCITS 32 v1: 10% max. in negative cash (no netting) | | | | |
| UCITS 32 v2: 10% max. in negative cash (with netting at currency level) |
| UCITS 32 v3: 10% max. in negative cash (full netting) |
| UCITS 32.1: Liquid Cover for Derivative Obligations |
| UCITS 32.2: Specific Cover for Derivatives Obligations |
| UCITS 33 | UCITS 33: Borrowings - Max 10% NAV in Borrowings | | | Government bonds should not be included. If they are included in a breach, update the Company Master, field is GOPS.
Index derivatives should not be being included. If included, ….. | |
| UCITS 34 | UCITS 34.1: Borrowings must be temporary - 90 days continuous | | | | |
| UCITS 34.2: Borrowings must be temporary - 90 days in 180 |
| UCITS 35 | UCITS 35: No investment in CIS of the same Umbrella | | | | |
| UCITS 36 | UCITS 36: No investment in another sub-fund of the same Manager, unless permitted in prospectus | | | | |
| UCITS 37 | UCITS 37: Feeder Funds: Minimum 85% NAV in the Master Fund | | | | |
| UCITS 38 | UCITS 38: Feeder Funds - No derivatives other than for hedging | | | | |
| UCITS 39 | UCITS 39: Index Tracking Funds: Max 20% NAV in Securities & MMI issued by the same Issuer Group, except exceptionally 35% for one issuer | | | | |
| UCITS 40 | UCITS 40: Index Tracking Funds: Exceptionally, Greater than 20% NAV in Securities & MMI issued by the same Issuer Group, for one issuer only | | | | |
| UCITS 41 | UCITS 41: Index Tracking Funds: Exceptionally, Max 35% NAV in Securities & MMI issued by the same Issuer Group, for one issuer only | | | | |
| UCITS Feeder fund | UCITS Feeder fund - no holdings other than Master, cash and derivatives | | | | |
| UCITS FOF | UCITS FOF must not invest in a Feeder fund | | | | |
| UCITS FOF must not invest in a Fund of Fund |
