Knowledge Base

Who must be informed immediately when the gates mechanism is triggered?

The affected unitholders only

The AMF only

The authorities of the Member States where the fund is marketed only

The AMF and the affected unitholders

What is the minimum frequency for calculating the net asset value of UCITS?

Monthly

Bi-monthly

Weekly

Daily

What is the maximum threshold authorised for triggering gates in a fund with monthly valuation?

**5%** of net assets

**10%** of net assets

**15%** of net assets

**20%** of net assets

What are the three fundamental principles that the control process must verify for investor entry and exit operations in UCITS and AIFs?

Known-price valuation, unequal treatment of unitholders, free entry and exit

Unknown-price valuation, equal treatment of unitholders, free entry and exit

Unknown-price valuation, equal treatment of unitholders, restricted entry and exit

Known-price valuation, equal treatment of unitholders, free entry and exit

The suspension of subscriptions and redemptions can be decided without justification if it is in the interest of unitholders.

True

False

The publication of the net asset value must be made on the management company's website only if it is calculated on a daily basis.

True

False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Systematic timestamping of orders

Technical blocking of orders after the cut-off time

Suspicious patterns of frequent round-trip transactions

Imposition of deterrent exit fees for short holding periods

Categories:

Late trading

Market timing

Swing pricing

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