2025-06-26
The European Securities and Markets Authority issued this final report to provide technical advice on reviewing the UCITS Eligible Assets Directive following a mandate from the European Commission. The document identifies significant divergences in national implementation across Member States and proposes a look-through approach to ensure uniform eligibility assessments for diverse asset classes. It further recommends legislative changes to enhance investor protection, foster supervisory convergence, and allow limited indirect exposures to alternative assets for risk diversification.