The draft advice to the European Commission on the format and content of key investor information disclosures for UCITS (Ref. CESR/09-552) was published for consultation on 8 July.
At the time of the publication of the consultation paper, CESR had not yet finalised some elements of the proposed methodology. In particular, the proposal still needed to be fine-tuned with respect to:
- the definition of upper and lower bounds for the volatility intervals
('buckets').
- the detailed explanation of the risk classification process for structured funds.
This addendum published today complements the consultation paper by including an explanation of CESR’s proposals on the items above.
