That‘s how I have read other brokers in the EU (Germany) handle it.
They are only prohibited from selling/ordering them for retail clients, not holding them.
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very well explanation @PhilMongoose. I now see many reasons why most of the peole here have US ETFs
My understanding is that if you hold not-UCITS compliant ETF in Italy, the taxation has a different regulation (the gains from your ETF will be considered part of your salary => more taxes). Has anyone kept not UCITS ETF after moving to Italy? (I guess this applies also to other country anyway).
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