CESR has released two strands of its work on UCITS IV:

  • a technical advice covering mergers of UCITS, master-feeder UCITS structures and cross-border notifications. The advice focuses on information to unit holders of merging UCITS, written agreements between master and feeder UCITS, their depositaries and auditors and how to deal with liquidations or mergers of master UCITS. On notifications, it looks at standard notification letters and how to make the process easier; and  
  • two methodologies for KIDs for UCITS. These look at providing information on different types of fund to satisfy key criteria.