ESMA_QA_1083

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1083

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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: Communication of KIID to investors

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Question

Submission Date: 01 September 2012

Should an amended KIID be provided to existing investors within the UCITS?

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ESMA Answer

Answer Date: 01-09-2012

[ESMA 34-43-392 UCITS Q&A, section 2, Q&A 2c] No. In accordance with Article 79 of the UCITS Directive, key investor information shall constitute pre-contractual information. A KIID does not need to be provided to existing investors unless they are making additional subscriptions. Investors always have the right to be provided with the KIID on request.

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