Exchange industry

Headline: ESMA Publishes Final Guidelines On ETFs


First two paragraphs:

Written by Rebecca Hampson  -  March 25, 2014

European regulator ESMA (European Securities and Markets Authority) published its final guidelines on exchange traded funds and other UCITS III products yesterday, with a particular focus on collateral.

The guidelines, which end a 15 month review period following the initial publication of guidelines in December 2012 and follow a consultation period started in December 2013.