Risk management principles for UCITS
CESR has published its definive Risk management principles for UCITS.
Consultation on implementation measures UCITS Directive
Last month the European Parliament agreed to revise the UCITS Directive22. At the request of the European Commission, CESR has commenced a call for evidence on possible implementing measures.
Consultation on replacement of simplified prospectus for UCITS
CESR will hold a consultation on the Key Information Document (KID), which will in time replace the simplified prospectus of UCITS. The KID will be limited to two pages and give a clear summary of the costs, risks and expected proceeds.