Appendix D — Admissible Assets and Limits (Retail CIU)
Admissible assets | Descriptions and Limits |
Cash and cash equivalents (including bank deposits and certificates of deposit — i.e. assets that may be realised in cash immediately). | • Not more than 20% of total value of the |
Transferable securities including equity and debt securities. | • Not more than 10% of the total assets of the
• Not more than 20% of the total assets of the
• Securities not regularly traded on a recognised exchange are limited to 10% of the total assets of the |
Government and public sector securities issued by |
• Not more than 20% of total value of the |
Authorised and regulated funds of the open ended type. | •
• Other |
• Not more than 20% of total assets of the |
|
Physical commodities and commodity based investments traded on a recognised market. | • Not more than 20% of total assets of the |
Approved financial derivatives and positions are (i) exchange traded options — long positions; (ii) long positions in forwards and futures; and (iii) sold positions in exchange traded options, forwards and financial futures if matching long positions exist or for hedging purposes. | Underlying assets of the derivatives are:
• Any of the above, subject to limits specified above.
• With respect to interest rate or foreign exchange derivatives, the value of the underlying assets must be restricted to 20% of the total assets of the |
Cash and cash equivalents (including bank deposits and certificates of deposit — i.e. assets that may be realised in cash immediately). | • Not more than 20% of total value of the |
Transferable securities including equity and debt securities | • Not more than 10% of the total assets of the
• Not more than 20% of the total assets of the
• Securities not regularly traded on a recognised exchange are limited to 20% of the total assets of the |
Government and public sector securities issued by |
• Not more than 20% of total value of the |
Collective Investment Undertakings | • Expert funds with a 'fund of funds' investment strategy may invest up to 100% of their assets in other
• Expert funds without a 'fund of funds' strategy may only invest in other |
• Allowed up to 100% of the |
|
Physical commodities and commodity based investments traded on a recognised market. | • Allowed up to 100% of the |
Approved financial derivatives and positions are: (i) exchange traded options — long positions; (ii) long positions in forwards and futures; and (iii) sold positions in exchange traded options, forwards and financial futures if matching long positions exist or for hedging purposes | Underlying assets of the derivatives are:
• Any of the above, subject to limits specified above.
• With respect to interest rate or foreign exchange derivatives, the value of the underlying assets must be restricted to 20% of the total assets of the |