CESR has published the responses to its four consultations on aspects of the UCITS Key Investor Information document. The responses include one from IMA, which focuses on:

  • disappointment the consultations did not include a mock-up of the KII document to show how CESR expects it to look;
  • the increase in amount of text that may result from having to translate the document; and
  • category boundaries for the purposes of calculating the Risk Reward Indicator.