Info
🔗 Back to Summary. 🇫🇷 French Version: 2017R0653_FR.14 quarter. Back to Summary of LVL1. Open the PDF.
Article 14b – Share classes of UCITS or AIFs ⬅️ | ➡️ Article 14d – Feeder UCITS
Article 14c - UCITS or AIFs as fund of funds
1.
Where the UCITS invests a substantial proportion of its assets in other UCITS or other collective investment undertakings as referred to in Article 50(1), point (e), of Directive 2009/65/EC, the description of the objectives and investment policy of that UCITS in the key information document shall include a brief explanation of how the other collective undertakings are to be selected on an ongoing basis. Where a UCITS is a fund of hedge funds the key information document shall include information about the purchase of non-EU AIFs that are not under supervision.
2.
Where the AIF invests a substantial proportion of its assets in other UCITS or AIFs, paragraphs 1 and 2 shall apply
mutatis mutandis
.