As part of its ongoing review of the asset management industry the FCA has announced new requirements for the contents of Key Investor Information Documents (KIIDs) for UCITs funds and Key Information Documents (KIDs) for PRIIPs. The requirements apply to new funds from 7 May 2019 and existing funds from 7 August 2019.
The aim of the new requirements is to improve the clarity of fund objective descriptions and transparency in relation to the use of benchmarks, where relevant.
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