The principle of effective risk management set out in Article 21 of Directive 85/611/EC for UCITS, the techniques and instruments of which have to be authorised by the Member States or by the national supervisory authorities, has been fleshed out by the recommendation on derivatives.
The principle of effective risk management set out in Article 21 of Directive 85/611/EC for UCITS, the techniques and instruments of which have to be authorised by the Member States or by the national supervisory authorities, has been fleshed out by the recommendation on derivatives.