Examples of SFT Regulation in a sentence
The Sub-Fund may use Securities Financing Transactions (i.e. repurchase and reverse repurchase agreements), as defined in the SFT Regulation.
However, the Sub-Fund is not expected to use Total Return Swaps, as defined in the SFT Regulation.
As of the date of the Prospectus, no Fund currently enters into securities lending transactions, repurchase agreements, reverse repurchase agreements and buy-sell back transactions within the meaning of the SFT Regulation.Should a Fund intend to use them, the Prospectus will be updated in accordance with the SFT Regulation.
If the Company were to use such securities financing transactions in the future, the present Prospectus will be modified in accordance with the SFT Regulation.
Total return swaps and securities financing transactions shall be used in accordance with legal provisions, especially the provisions of the SFT Regulation.
Should a Fund intend to use them, the Summary Prospectus will be updated in accordance with the SFT Regulation.
The SFT Regulation (the “SFT Regulation”) refers to Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No. 648/2012, with a view to efficient portfolio management and/or in order to protect its assets and commitments.
An SFT is defined in the SFT Regulation as a repurchase/reverse repurchase agreement, a securities lending and borrowing transaction, a purchase/resale transaction or a sale/repurchase transaction, or a lending transaction with margin call.
The provisions of circular CSSF 14/592, circular CSSF 08/356 and the SFT Regulation must be adhered to at all times.
No Portfolio currently uses securities financing transactions or total return swaps as defined in Regulation (EU) 2015/2365 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (the "SFT Regulation").