Knowledge Base

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Questions

Which European directive allows the cross-border marketing of UCITS without new authorisation within ten business days?

AIFM Directive (2011/61/EU)
MMF Regulation (EU 2017/1131)
UCITS Directive (2009/65/EC)
MiFID II Directive

What measure does the MMF Regulation impose when weekly liquid assets fall below 30%?

Automatic conversion to VNAV after fifteen days of suspension within a ninety-day period
Total prohibition of redemptions for six months
Flat increase in management fees to 5%
Withdrawal of the European passport for the fund concerned

What is the minimum initial capital required for an AIF manager subject to the AIFM Directive above the asset thresholds?

€50,000
€100,000
€125,000
€200,000

What is the minimum asset threshold for an AIF manager to be subject to mandatory authorisation under the AIFM Directive?

€50 million with leverage or €250 million without leverage
€100 million with leverage or €500 million without leverage
€200 million with leverage or €750 million without leverage
€300 million with leverage or €1 billion without leverage

UCITS diversification rule

Click to see answer

The MMF Regulation (EU 2017/1131) applies directly in all member states without requiring national transposition.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Money market funds (CNAV)
Hedge fund
Compliant UCITS
Categories:

UCITS

AIFM

MMF

Directive (EU) 2024/927 harmonises liquidity management tools between UCITS and AIFM.

True
False