ESA Joint Committee · priips-111 Final

Should existing retail investors within a UCITS umbrella fund, who switch or exchange units in one sub-fund for units in another, be provided with the KID for the sub-fund in which they are going into

Regulation
PRIIPs
Answered
2022-11-14
Answer provided by
ESAs (EBA, ESMA, EIOPA)
More Q&As on this regulation →
⚠

Joint Committee Q&As are published in consolidated PDF documents without explicit question/answer delimiters. Section boundaries below are identified automatically and may occasionally be imprecise.

Question

Should existing retail investors within a UCITS umbrella fund, who switch or exchange units in one sub-fund for units in another, be provided with the KID for the sub-fund in which they are going into?

Answer

Yes. Retail investors must receive the KID for the sub-fund they are going into including where this investment arises from switching from another sub-fund within the umbrella.
View original on ESA Joint Committee (EBA, ESMA, EIOPA) ↗

This Q&A is published by ESA Joint Committee (EBA, ESMA, EIOPA) and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

Similar Q&As

Communication of KIID to investors

Answered 2012-09-01

Communication of KIID to investors

Answered 2012-09-01

Communication of KIID to investors

Answered 2012-09-01

Should individual KIDs be prepared for each class of units or shares within a UCITS or AIF?

Answered 2022-11-14

Do the rules concerning the UCITS key investor information document (KIID) still apply?

Answered 2022-11-14

📋 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.