{
  "url": "https://openlegislation.uk/eu-regulation-2015-2365/annex/section-B",
  "json_url": "https://openlegislation.uk/eu-regulation-2015-2365/annex/section-B.json",
  "legislation": "eur/2015/2365",
  "legislation_title": "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 (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2015-2365",
  "path": "annex/section/B",
  "kind": "section",
  "number": "B –",
  "heading": "Information to be included in the UCITS Prospectus and AIF disclosure to investors:",
  "text": "General description of the SFTs and total return swaps used by the collective investment undertaking and the rationale for their use.\nOverall data to be reported for each type of SFTs and total return swaps\nTypes of assets that can be subject to them\nMaximum proportion of AUM that can be subject to them\nExpected proportion of AUM that will be subject to each of them.\nCriteria used to select counterparties (including legal status, country of origin, minimum credit rating).\nAcceptable collateral: description of acceptable collateral with regard to asset types, issuer, maturity, liquidity as well as the collateral diversification and correlation policies.\nCollateral valuation: description of the collateral valuation methodology used and its rationale, and whether daily mark-to-market and daily variation margins are used.\nRisk management: description of the risks linked to SFTs and total return swaps as well as risks linked to collateral management, such as operational, liquidity, counterparty, custody and legal risks and, where applicable, the risks arising from its reuse.\nSpecification of how assets subject to SFTs and total return swaps and collateral received are safe-kept (e.g. with fund custodian).\nSpecification of any restrictions (regulatory or self-imposed) on reuse of collateral.\nPolicy on sharing of return generated by SFTs and total return swaps: description of the proportions of the revenue generated by SFTs and total return swaps that is returned to the collective investment undertaking, and of the costs and fees assigned to the manager or third parties (e.g. the agent lender). The prospectus or disclosure to investors shall also indicate if these are related parties to the manager.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2015/2365/annex/section/B",
    "retrieved_at": "2026-11-01T14:46:14.269444+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}