The European Securities and Markets Authority (ESMA) has published an Opinion to the European Union (EU) institutions on the impact of EMIR on UCITS. In the opinion, ESMA calls for a modification of the UCITS Directive to take into account the clearing obligations for certain types of over-the-counter (OTC) financial derivative transactions under EMIR.
More information via press release: https://www.esma.europa.eu/news/Press-Release-ESMA-calls-modification-UCITS-Directive?t=326&o=home
