ESMA · ESMA_QA_1086 Answer Published

Past performance - KIID

Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Topic
Disclosures
Submitted
2019-03-01
Answered
2019-03-01
Browse UCITS Register → More Q&As on this regulation →

Question

If a UCITS does not yet have performance data for one complete calendar year (and is not a UCITS which may provide simulated data for past performance), how should this position be disclosed in the KIID?

Answer

[ESMA 34-43-392 UCITS Q&A, section 2, Q&A 4a] In accordance with Article 15(4) of Commission Regulation (EU) No 583/2010 a statement that there is insufficient data to provide a useful indication of past performance should be included in the KIID. There is no need to accompany that statement with a blank performance chart.
View original on European Securities and Markets Authority ↗

This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

Similar Q&As

Past performance - KIID

Answered 2019-03-01

If a UCITS, AIF or unit-linked insurance-based investment product does not yet have past performance data for one complete calendar year (and is not a UCITS or AIF which may provide simulated data for

Answered 2022-11-14

Past performance - KIID

Answered 2019-03-01

Past performance - KIID

Answered 2019-03-01

Past performance - KIID

Answered 2019-03-01

More Q&As on this topic

Updates of notification letters for the cross-border marketing of UCITS

Answered 2025-06-18

Issuer concentration

Answered 2023-02-03

Issuer concentration

Answered 2023-02-01

Issuer concentration

Answered 2023-02-01

Issuer concentration

Answered 2023-02-01

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

Start free trial → Learn more

14-day free trial. No credit card required.