27 Amendments of Astrid LULLING related to 2012/0169(COD)
Amendment 278 #
Proposal for a regulation
Article 8 – paragraph 1 – introductory part
Article 8 – paragraph 1 – introductory part
1. The title ‘Key Information Dcontent of the key investor disclosure document’ shall appear prominently at the top of the first page of the key information document. An explanatory statement shall appear directly underneath the title. It shall read:be presented in the order as set out in the following paragraphs.
Amendment 287 #
Proposal for a regulation
Article 8 – paragraph 2
Article 8 – paragraph 2
2. The key information document shall contain the following information: (a) under a section at the beginning of the document, the name of the investment product and identity of the investment product manufacturer; (b) under a section titled "What is this investment?", the nature and main features of the investment product, including (i) the type of the investment product; (ii) its objectives and the means for achieving them; (iii) an indication of whether the investment product manufacturer targets specific environmental, social or governance outcomes, either in respect of his conduct of business or in respect of the investment product, and if so, an indication of the outcomes being sought and how these are to be achieved; (iv) where the investment product offers insurance benefits, details of these insurance benefits; (v) the term of the investment product, if known; (vi) performance scenarios, if this is relevant having regard to the nature of the product; (c) under a section titled "Could I lose money?", a brief indication of whether loss of capital is possible, including (i) any guarantees or capital protection provided, as well as any limitations to these; (ii) whether the investment product is covered by a compensation or guarantee scheme; (d) under a section titled "What is it for?" an indication of the recommended minimum holding period and the expected liquidity profile of the product including the possibility and conditions for any disinvestments before maturity, having regard to the risk and reward profile of the investment product and the market evolution it targets; (e) under a section titled "What are the risks and what might I get back?", the risk and reward profile of the investment product, including a summary indicator of this profile and warnings in relation to any specific risks that may not be fully reflected in the summary indicator; (f) under a section titled "What are the costs?", the costs associated with an investment in the investment product, comprising both direct and indirect costs to be borne by the investor, including summary indicators of these costs; (g) under a section titled "How has it done in the past?", the past performance of the investment product, if this is relevant having regard to the nature of the product and the length of its track record; (h) for pension products, under a section titled "What might I get when I retire?", projections of possible future outcomes.title "Key investor disclosure" shall appear prominently at the top of the first page of the document. (a) An explanatory statement shall appear directly underneath the title. It shall read: 'This document provides you with Key investor disclosure about this product. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this product. You are advised to read it so you can make an informed decision about whether to invest'. (b) The identification of the product, including where relevant the share class or investment compartment thereof, shall be stated prominently. The complete denomination of the product be prominently presented. Where a code number identifying the product exists it shall be part of the denomination (c) The name of the asset manager responsible for the management of the product shall be stated. (d) In addition, in cases where the management company forms part of a group of companies for legal, administrative or marketing purposes, the name of that group may be stated. Corporate branding may be included provided it does not hinder an investor in understanding the key elements of the investment or diminish his ability to compare investment products. (e) A section of the Key investor disclosure document shall contain a description of 'Objectives and investment policy' at a minimum the information shall cover where relevant: (i) the type of the investment product; (ii) its objectives and the means for achieving them; (iii) an indication of whether the investment product manufacturer targets specific environmental, social or governance outcomes, either in respect of his conduct of business or in respect of the investment product, and if so, an indication of the outcomes being sought and how these are to be achieved; (iv) where the investment product offers insurance benefits, details of these insurance benefits; (v) the term of the investment product, if known; (vi) performance scenarios, if this is relevant having regard to the nature of the product; (f) A section of the Key investor disclosure document shall contain 'Risk and reward profile' the content of which shall be determined by ESMA in a regulatory technical standard. This section shall where relevant address the following items: (i) any guarantees or capital protection provided, as well as any limitations to these; (ii) whether the investment product is covered by a compensation or guarantee scheme; (g) A section of the Key investor disclosure document shall discloses 'Charges' where fees, commission to paid are disclosed to the client, ESMA shall develop regulatory technical standards whereas the content and design of the relevant information. (h) A section of the Key investor disclosure document shall disclose 'Past performance' of the products where it is created for at least 12 months, ESMA shall develop regulatory technical standards whereas the content, required minimum historical performance and design. (i) A section of the Key investor disclosure document shall discloses 'Practical information' ESMA shall develop regulatory technical standards whereas the content and scope of the required information. (j) Authorisation details shall consist of the following statement: 'This product is authorised in [name of Member State] and regulated by [identity of competent authority]' where it applies. (k) Information on publication shall consist of the following statement: 'This Key investor disclosure is accurate as at [the date of publication]
Amendment 288 #
Proposal for a regulation
Article 8 – paragraph 2 – point a
Article 8 – paragraph 2 – point a
Amendment 300 #
Proposal for a regulation
Article 8 – paragraph 2 – point b
Article 8 – paragraph 2 – point b
Amendment 304 #
Proposal for a regulation
Article 8 – paragraph 2 – point b – point i
Article 8 – paragraph 2 – point b – point i
Amendment 308 #
Proposal for a regulation
Article 8 – paragraph 2 – point b – point ii
Article 8 – paragraph 2 – point b – point ii
Amendment 313 #
Proposal for a regulation
Article 8 – paragraph 2 – point b – point iii
Article 8 – paragraph 2 – point b – point iii
Amendment 324 #
Proposal for a regulation
Article 8 – paragraph 2 – point b – point iv
Article 8 – paragraph 2 – point b – point iv
Amendment 330 #
Proposal for a regulation
Article 8 – paragraph 2 – point b – point v
Article 8 – paragraph 2 – point b – point v
Amendment 334 #
Proposal for a regulation
Article 8 – paragraph 2 – point b – point vi
Article 8 – paragraph 2 – point b – point vi
Amendment 344 #
Proposal for a regulation
Article 8 – paragraph 2 – point c
Article 8 – paragraph 2 – point c
Amendment 353 #
Proposal for a regulation
Article 8 – paragraph 2 – point c – point i
Article 8 – paragraph 2 – point c – point i
Amendment 358 #
Proposal for a regulation
Article 8 – paragraph 2 – point c – point ii
Article 8 – paragraph 2 – point c – point ii
Amendment 368 #
Proposal for a regulation
Article 8 – paragraph 2 – point d
Article 8 – paragraph 2 – point d
Amendment 374 #
Proposal for a regulation
Article 8 – paragraph 2 – point e
Article 8 – paragraph 2 – point e
Amendment 389 #
Proposal for a regulation
Article 8 – paragraph 2 – point f
Article 8 – paragraph 2 – point f
Amendment 401 #
Proposal for a regulation
Article 8 – paragraph 2 – point g
Article 8 – paragraph 2 – point g
Amendment 429 #
Proposal for a regulation
Article 8 – paragraph 3
Article 8 – paragraph 3
Amendment 437 #
Proposal for a regulation
Article 8 – paragraph 4
Article 8 – paragraph 4
Amendment 442 #
Proposal for a regulation
Article 8 – paragraph 5
Article 8 – paragraph 5
Amendment 453 #
Proposal for a regulation
Article 8 – paragraph 6
Article 8 – paragraph 6
Amendment 454 #
Proposal for a regulation
Article 8 – paragraph 6 – subparagraph 1
Article 8 – paragraph 6 – subparagraph 1
Amendment 455 #
Proposal for a regulation
Article 8 – paragraph 6 – subparagraph 1 – point a
Article 8 – paragraph 6 – subparagraph 1 – point a
Amendment 457 #
Proposal for a regulation
Article 8 – paragraph 6 – subparagraph 1 – point b
Article 8 – paragraph 6 – subparagraph 1 – point b
Amendment 460 #
Proposal for a regulation
Article 8 – paragraph 6 – subparagraph 2
Article 8 – paragraph 6 – subparagraph 2
Amendment 464 #
Proposal for a regulation
Article 8 – paragraph 6 – subparagraph 3
Article 8 – paragraph 6 – subparagraph 3
Amendment 571 #
Proposal for a regulation
Article 13 a (new)
Article 13 a (new)
Article 13 a Investment product manufacturers and persons selling investment products shall communicate the key information document of the investment product to the competent authority of the Member States where the investment product is marketed, distributed or sold. The competent authority shall ensure that investment firms establish the necessary procedural steps to ensure compliance of the content laid down in the key information document with the provisions of the chapter II of this Regulation prior to the marketing distribution or sale of the investment product.