ESMA_QA_1079

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1079

---

Regulatory Context

Regulation : UCITS

Level 1 Regulation: Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Disclosures

Subject Matter: Preparation of KIID by UCITS that are no longer marketed to the public or by UCITS in liquidation

---

Question

Submission Date: 01 September 2012

Should there be an obligation to prepare a KIID for a UCITS that is in liquidation?

---

ESMA Answer

Answer Date: 01-09-2012

[ESMA 34-43-392 UCITS Q&A, section 2, Q&A 1b] When a UCITS is in liquidation there can be no obligation to prepare a KIID as the liquidator may have assumed many of the powers of the UCITS management company.

---

This document was automatically extracted from the ESMA EMIR Q&A database.