ESMA Updates Q&As on the KIID for UCITS

ESMA Updates Q&As on the KIID for UCITS

On the 26th March 2015, the European Securities and Markets Authority (ESMA) published updated questions and answers on the application of the Key Investor Information Document (KIID) for UCITS established in terms of the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive.

The Q&A includes a new question on the treatment of past performance information in case of fund mergers.

The purpose of ESMA’s Q&As on KIID for UCITS is to promote common supervisory approaches and practices in the application of the UCITS Directive and its implementing measures by providing responses to questions posed by the general public and competent authorities in relation to the practical application of the UCITS framework

The full Q&A document is available for download from ESMA’s official website at:

https://www.esma.europa.eu/system/files/2015-631_ucits_kiid_march_update.pdf

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