CESR is holding a consultation on the Key Information Document (KID), which will replace the current Simplified Prospectus of UCITS. The KID will be no longer than two pages and contain a clear summary of the costs, risks and anticipated rewards.

In its consultation document, CESR makes suggestions regarding the form (length, clarity of language) and the substance (description of goals, risks and costs) of the KID.

Responses can be sent to CESR until 4 September 2009.