ALFI’s response to CESR’s consultation on its level 3 guidelines on the selection and presentation of performance scenarios in the Key Investor Information document (KII) for structured UCITS (Ref. CE

12 Sep 2010 | Statements and Position Papers  


In terms of Key Investor Information, the UCITS IV Directive (2009/65/EC) requires for structured UCITS (including capital-protected and guaranteed UCITS) and other comparable UCITS the use of prospective scenarios, as presentation of past performance is not relevant.

In order to ensure comparability between structured UCITS, the consistency in the choice of prospective scenarios and the format of the presentation of those scenarios, CESR has developed guidelines with a view to harmonising the selection and presentation of scenarios. Please click here.