(1) An investment company and, for each of the common contractual funds and unit trusts it manages, a management company, which sells UCITS directly or through another natural or legal person who acts on its behalf and under its full and unconditional responsibility shall provide investors with key investor information on such UCITS in good time before their proposed subscription of units in such UCITS.
(2) An investment company and, for each of the common contractual funds and unit trusts it manages, a management company, which does not sell UCITS directly or through another natural or legal person who acts on its behalf and under its full and unconditional responsibility to investors shall provide key investor information to product manufacturers and intermediaries selling or advising investors on potential investments in such UCITS or in products offering exposure to such UCITS upon their request. The intermediaries selling or advising investors or potential investors in UCITS shall
…