Responses
  Closing date : 25 May. 2007  
Questionnaire on simplified prospectus for retail investors

13 Apr. 2007 - The Simplified Prospectus (SP) is a disclosure document designed for retail clients buying units in a UCITS, to provide them with the information they need to make informed decisions about whether to invest in a particular fund or product. The full Prospectus is considered too long and technical for the average investor.
It is accepted that the current SP is ineffective and needs improvement for the average investor to be able to understand and use it. There have also been problems with the consistency of the information contained within SPs, making it harder for consumers to compare between funds, particularly where cross-border sales are involved.
In its UCITS White Paper, the Commission proposed developing a new document which is practical and user-friendly. CESR is now keen to seek the views of consumer representatives to better understand what key investor information (KII) can better meet consumer needs.
The questions and examples below are intended only as a prompt to think about the aspects we need to consider. We are keen to hear any of your concerns or issues about the SP, even if not covered here.

       
31 May. 2007Banking
Association of German Public Sector Banks
31 May. 2007Banking
ESBG
31 May. 2007Banking
French Banking Federation
31 May. 2007Banking
ING
31 May. 2007Insurance, pension & asset management
AFG
31 May. 2007Insurance, pension & asset management
Association of British Insurers
31 May. 2007Insurance, pension & asset management
BEAMA
31 May. 2007Insurance, pension & asset management
Fidelity International
31 May. 2007Insurance, pension & asset management
Generali
31 May. 2007Investor relations
ACU
31 May. 2007Investor relations
Danish Shareholders Association
31 May. 2007Investor relations
DECO - Associação Portuguesa para a Defesa do Consumidor
31 May. 2007Investor relations
Euroshareholders
31 May. 2007Investor relations
FAIDER
31 May. 2007Investor relations
ILAG
31 May. 2007Investor relations
Test-Achats
31 May. 2007Investor relations
Testé pour vous
31 May. 2007Investor relations
Verbraucherzentrale Bundesverband
31 May. 2007Others
ADUSBEF
04 Jun. 2007Others
AMF Consultative Commission
31 May. 2007Others
Consumer Panel Secretariat
18 Jul. 2007Others
John Maher, Waterford Institute of Technology
31 May. 2007Others
Lipper Fitzrovia