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CESR published an addendum to its consultation on the format and content of Key Information Document Disclosures for UCITS as published on 8 July.
In its consultation paper CESR proposed the use of a synthetic indicator as the preferred option for funds’ risk and reward disclosure. This addendum complements the consultation paper by including an explanation of CESR’s proposals on the following items:
1) the definition of upper and lower bounds for the volatility intervals ('buckets').
2) the detailed explanation of the risk classification process for structured funds.
Stakeholders are advised to take into account the
Deadline for comments is