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CESR Starts Work On A Request For Assistance From The EU Commission On Key Investor Disclosure For UCITS, And Invites All Interested Parties To Submit Their Views Via Three Calls For Evidence

Date 13/04/2007

On 11 April 2007 CESR received from the Commission a letter requesting CESR´s assistance on detailed content and form of key investor disclosures for UCITS. The request clarifies the purpose and objective of the request, the focus of the work to be undertaken by CESR and the proposed organisation of the work and the time-table.

Furthermore, since it is extremely important to collect detailed information at the early stage of the project, CESR would like to conduct, in parallel to the general call for evidence, two specific calls for evidence:

a) Specific call for evidence for retail investors and representatives of individual retail investors

b) Specific call for evidence on UCITS distribution

All contributions can be submitted online via CESR´s website under the heading Consultations at www.cesr.eu by 25 May 2007.