The European Securities and Markets Authority (ESMA) has initiated a review of the rules governing crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities) as part of a broader examination of the EU’s financial regulatory framework.
The review comes in response to a request from the European Commission (EC) to ensure that UCITS rules keep pace with rapid market developments, including the burgeoning crypto sector.
Reevaluating asset inclusion
Since the implementation of the UCITS Eligible Assets Directive in 2007, the landscape of financial instruments has expanded significantly, necessitating a reevaluation of what assets should be accessible for UCITS funds.
These funds are known for their high level of investor protection and are a popular choice among retail and institutional investors across Europe and globally.
The current regulatory framework defines the criteria for assets that UCITS can invest in, with the aim of ensuring liquidit
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