On July 20, the Committee of European Securities Regulators published the following four consultation papers on the key investor information document (KII) under the Undertakings for Collective Investments in Transferable Securities (UCITS) Directive (2009/65/EC) (knows as “UCITS IV”).

• A consultation on level 3 guidance on the selection and presentation of performance scenarios in the KII for structured UCITS (that is, certain types of capital-protected and guaranteed UCITS). Read more.
• A consultation on guidelines for the transition from the simplified prospectus to the KII. Read more.
• A consultation on a guide to clear language and the layout for the KII. Read more.
• A consultation on a template for the KII. Read more.