ESMA_QA_1083
01/09/2012
Subject Matter
Communication of KIID to investors
Original question
Should an amended KIID be provided to existing investors within the UCITS?
ESMA Answer
01-09-2012
Original language
[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.
Status: Answer Published
Additional Information
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Topic
Disclosures