ESA Joint Committee · priips-18 Final

How should UCITS ETFs be identified in the KID, and what information should be included in the “What is this product?” section of the KID? A UCITS ETF should use the term ‘UCITS ETF’ which identifies

Regulation
PRIIPs
Answered
2022-11-14
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

How should UCITS ETFs be identified in the KID, and what information should be included in the “What is this product?” section of the KID? A UCITS ETF should use the term ‘UCITS ETF’ which identifies it as an exchange-traded fund. This should be used as the “Type” of PRIIP in the KID (Article 2(1) of the Delegated Regulation) and this should be used in all EU languages. A UCITS which is not a UCITS ETF (as defined in the ESMA guidelines on ETFs and other UCITS issues1) should use neither the ‘UCITS ETF’ identifier nor ‘ETF’ nor ‘exchange-traded fund’. 1 https://www.esma.europa.eu/sites/default/files/library/2015/11/esma-2014-0011-01-00_en_0.pdf A UCITS ETF should disclose clearly in the “What is this product section?

Answer

” of the KID the policy regarding portfolio transparency and where information on the portfolio may be obtained, including where the indicative net asset value, if applicable, is published.
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.

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