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UCITS fund documentation relating to use of a benchmark

Tuesday, 31st March

Irish UCITS management companies to conduct a review of the disclosures relating to the use of a benchmark in both the prospectuses and the KIIDs of Irish UCITS under management. When considering the accuracy of the content of its Prospectus and KIID, the Board of each UCITS must ensure that:

  • They are in compliance with all applicable legislative requirements and all relevant guidance.
  • Any marketing material or other documentation provided to investors is consistent with information contained I the Prospectus and KIID.
  • If the fund is manged in a constrained manner to a benchmark, this constraint is to be disclosed in the KIID and Prospectus.
  • Where the fund is being manged with a performance target this is disclosed in the KIID and Prospectus in order to assist investors in making an informed decision.

Any necessary updated to the Prospectus and KIID should be submitted to the Central Bank by 31 March 2020.

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Tuesday, 31st March
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