Commission Regulation (EU) No 583/2010Dangos y teitl llawn

CHAPTER II U.K. FORM AND PRESENTATION OF KEY INVESTOR INFORMATION

SECTION 1 U.K. Title of document, order of contents and headings of sections

Article 4 U.K. Title and content of document

1. The content of the key investor information document shall be presented in the order as set out in paragraphs 2 to 13.

2. The title ‘Key investor information’ shall appear prominently at the top of the first page of the key investor information document.

3. An explanatory statement shall appear directly underneath the title. It shall read:

‘This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest’.

4. The identification of the [F1 UK UCITS], including the share class or investment compartment thereof, shall be stated prominently. In the case of an investment compartment or share class, the name of the [F1 UK UCITS] shall follow the compartment or share class name. Where a code number identifying the [F1 UK UCITS], investment compartment or share class exists, it shall form part of the identification of the [F1 UK UCITS].

5. The name of the management company shall be stated.

6. In addition, in cases where the management company forms part of a group of companies for legal, administrative or marketing purposes, the name of that group may be stated. Corporate branding may be included provided it does not hinder an investor in understanding the key elements of the investment or diminish his ability to compare investment products.

7. The section of the key investor information document entitled ‘Objectives and investment policy’ shall contain the information set out in Section 1 of Chapter III of this Regulation.

8. The section of the key investor information document entitled ‘Risk and reward profile’ shall contain the information set out in Section 2 of Chapter III of this Regulation.

9. The section of the key investor information document entitled ‘Charges’ shall contain the information set out in Section 3 of Chapter III of this Regulation.

10. The section of the key investor information document entitled ‘Past performance’ shall contain the information set out in Section 4 of Chapter III of this Regulation.

11. The section of the key investor information document entitled ‘Practical information’ shall contain the information set out in Section 5 of Chapter III of this Regulation.

12. Authorisation details shall consist of the following statement:

‘This fund is authorised in [F2 the United Kingdom and regulated by the Financial Conduct Authority].

In cases where the [F1 UK UCITS] is managed by a management company [F3 that is a qualifying EEA firm for the purposes of regulation 73 of the Collective Investment Schemes (EU Exit) (Amendment etc.) Regulations 2019], an additional statement shall be included:

‘[Name of management company] is authorised in [name of Member State] and regulated by [identity of competent authority]’.

13. Information on publication shall consist of the following statement:

‘This key investor information is accurate as at [the date of publication]’.

Textual Amendments

F1 Words in Regulation substituted (31.12.2020) by The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/325), regs. 1(2), 59(2) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F2 Words in Art. 4(12) substituted (31.12.2020) by The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/325), regs. 1(2), 59(6)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F3 Words in Art. 4(12) substituted (31.12.2020) by The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/325), regs. 1(2), 59(6)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

SECTION 2 U.K. Language, length and presentation

Article 5 U.K. Presentation and language

1. A key investor information document shall be:

(a) presented and laid out in a way that is easy to read, using characters of readable size;

(b) clearly expressed and written in language that communicates in a way that facilitates the investor's understanding of the information being communicated, in particular where:

(i)

the language used is clear, succinct and comprehensible;

(ii)

the use of jargon is avoided;

(iii)

technical terms are avoided when everyday words can be used instead;

(c) focused on the key information that investors need.

2. Where colours are used, they shall not diminish the comprehensibility of the information in the event that the key investor information document is printed or photocopied in black and white.

3. Where the design of the corporate branding of the management company or the group to which it belongs is used, it shall not distract the investor or obscure the text.

Article 6 U.K. Length

The key investor information document shall not exceed two pages of A4-sized paper when printed.