The CSSF has confirmed through press release 18/02 that “Mere compliance controls or written confirmation of the ETF or of the manager as mentioned in its FAQ is not acceptable anymore". See CSSF link: http://www.cssf.lu/…/PR1802_UCITS_Change_of_Policy_050118.pdf
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“A ‘no’ uttered from deepest conviction is better and greater than a ‘yes’ merely uttered to please, or what is worse, to avoid trouble.” – Mahatma Gandhi
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