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On 29 March 2019, the European Securities and Markets Authority (ESMA) issued an update to its Questions and Answers on the application of the UCITS Directive (hereafter “ESMA QA”) in order to further clarify the UCITS’ KIID benchmark and related past performance disclosure obligations. In this context, the CSSF would like to remind that UCITS management companies and self-managed UCITS (hereafter “UCITS management companies”) have to incorporate the necessary changes in the KIIDs by 19 February 2020 (i.e. 35 business days after 31 December 2019) at the latest.
The updated KIIDs shall be transmitted to the CSSF via the usual transmission channels.
ESMA specified in its QA that the information disclosed in the UCITS KIID should be consistent...
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