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ARTICLE · 10 SEPTEMBER 2018

MoFo Funds Playlist – Summer Sonata 2018

Morrison Foerster
Morrison Foerster
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Morrison Foerster

Morrison Foerster

With approximately 1,000 lawyers in 19 offices, Morrison & Foerster is a preeminent global law firm...

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The MoFo Private Funds Group knows you are busy so we don't waste your time.

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Oliver Rochman
Oliver Rochman
Rob Mailer
Rob Mailer
Xun Choong
Xun Choong
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The MoFo Private Funds Group knows you are busy so we don't waste your time. Below are the tracks we are listening to right now – and why they matter:

Bringing a KID to market

As of 1 January 2018: (1) most investment funds are now seen as packaged retail and insurance-based investment products (PRIIPs) and (2) prior to admitting a retail investor into a fund, a highly technical Key Information Document (KID) must be produced. A KID must include prescribed information outlining the key features of an investment into the fund and must be updated as long as the fund is marketed to retail investors. Retail investors encompass a broad range of people (including high-net worth individuals and small corporate entities). However, retail clients who know the score (and fulfil stringent criteria) may "opt up" to professional client status. Fund managers should be wary and know when to bring their KIDs to market.

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Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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