(1) An investment company and, for each of the common contractual funds and unit trusts it manages, a management company shall draw up a short document containing key information for investors. That document shall be referred to as "key investor information" in these Regulations. The words "key investor information" shall be clearly stated in that document.
(2) Key investor information shall include appropriate information about the essential characteristics of the UCITS concerned, which is to be provided to investors so that they are reasonably able to understand the nature and the risks of the investment product that is being offered to them and, consequently, to take investment decisions on an informed basis.
(a) Key investor information shall provide information on the following essential elements in respect of the UCITS concerned:
(i) identification of the UCITS and of the Bank as the competent authority of the UCITS;
(ii) a short description of its investment objectives and i
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