[ESMA34-43-392 ] Q&A on the application of the UCITS Directive

The European Securities and Markets Authority (ESMA) has published an updated Questions and Answers (Q&As) on the application of the UCITS Directive. Specifically, ESMA added one new question in Section I of the document relating to general (the following text is quoted):
Question 5e: Article 52(1)(b) of the UCITS Directive requires a UCITS not to invest more than 20% of its assets in deposits made with the same body. Does the term “body” referred to in the aforementioned article mean “credit institution” as mentioned in Article 50(1)(f) of the UCITS Directive or does it include also any other counterparty which is not a credit institution?
Answer 5e: The term “body” as referred to in Article 52(1)(b) means “credit institution” as mentioned in Article 50(1)(f) of the UCITS Directive. The guidance provided by this Q&A is only applicable in the context of Article 52(1)(b) and should not affect the meaning of the term “body” in other instances of the UCITS Directive.