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Question

Why do I need to read a Key Investor Information Document (KIID)?

Answer

The EU UCITS IV Directive, incorporated into the Financial Conduct Authority (FCA) Conduct of Business Rules (COBS 14.2), requires all firms selling Electronic Traded Funds (ETFs) or funds to provide investors with the Key Investor Information Document (KIID). 

This requirement comes into effect on 1 July 2012 and will be implemented by all Brokers.

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