ESMA_QA_1082
01/09/2012
Subject Matter
Communication of KIID to investors
Original question
Should existing investors within a UCITS umbrella fund, who switch or exchange units in one sub-fund for units in another, be provided with the KIID for the sub-fund in which they are going into?
ESMA Answer
01-09-2012
Original language
[ESMA 34-43-392 UCITS Q&A, section 2, Q&A 2b]
Yes. As a pre-contractual document, the investor must receive the KIID for the sub-fund they are going into including where this investment arises from switching from another sub-fund within the umbrella.
Status: Answer Published
Additional Information
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Topic
Disclosures