market risk
- (1) (in COLL and in accordance with article 3(9) of the UCITS implementing Directive) the risk of loss for a UCITS resulting from fluctuation in the market value of positions in the scheme's portfolio attributable to changes in market variables, such as interest rates, foreign exchange rates, equity and commodity prices or an issuer's credit worthiness.75
- (2) (except in COLL) (in relation to a firm) the risks that arise from fluctuations in values of, or income from, assets or in interest or exchange rates.75