UCITS: Update of ESMA Q&A - KIID requirements
- Articles and memoranda
- Posted 21.05.2019
On 29 March 2019, ESMA updated its Q&A on the application of the UCITS Directive ("Q&A") in order to provide further guidance on the past performance and UCITS benchmark disclosure obligations as provided for in Regulation (EU) 583/2010 on UCITS KIID (mainly Articles 7) 1) d) and 18) 1)) relating to the content of the UCITS KIIDs).
This update may have an impact on the content of the KIIDs, i.e. (i) the investment objective and policy section of UCITS KIIDs, and (ii) the past performance section. It is also likely to impact other fund documentation (including the prospectus and marketing materials).
For more details regarding this subject, see the article "UCITS: Update of ESMA Q&A - KIID requirements" published on our website.