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Notice Of Information In Prospectuses Of Danish Ucits

Original Language Title: Bekendtgørelse om oplysninger i prospekter for danske UCITS

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Publication of information in prospectuses for Danish UCITS 1)

In accordance with Article 102 (2), 5, and section 190 (3). Three, in the law. 597 of 12. June 2013 on investment associations, etc., shall be determined as follows :

Scope of application

§ 1. The notice shall apply to investment associations, SIKAV and securities funds (hereinafter referred to as ' Danish UCITS `).

Paragraph 2. The board members and the board referred to in section 3 (3). Number one, and in section 4, no. 8 and 20 shall be understood as the Board of Directors and the Management Board of an investment association, a SIKAV, or for the investment management company or management company that administers a securities fund.

Information

§ 2. The prospectus of a Danish UCITS must contain the information provided for in section 3-6.

Paragraph 2. A Danish UCITS which, amongst its departments, has one or more feeders institutes, must in its prospectus other than the information provided in paragraph 1. 1 provide the information referred to in section 7 for each feeder institution.

Paragraph 3. A Danish UCITS, among its departments, has one or more masterbodies, in addition to the information specified in paragraph 1, in addition to the information provided for in paragraph 1. 1 provide the information referred to in section 8 for each master institution.

Paragraph 4. The prospectus must, in addition to the common information applicable to all departments of the Danish UCITS, must also include information for each section divided in a manageable way. In the case of the creation of the other classes in a section, the listing particulars must be provided in addition to the characteristics of the characteristics of all the other classes.

Paragraph 5. If the Danish UCITS place is a separate prospectus for each department or for a group of departments under the same UCITS, each prospectus shall contain the information mentioned.

Requirements for Danish UCITS

§ 3. The members of the Board shall sign the prospectus and declare that :

1) the information referred to in the listing particulars is correct and not as a result of the omissions has distorts the image to which the prospectus is given and the prospectus must be given ; and

2) the listing particulars contain any significant information that may affect potential investors, as defined in section 4 (2). 7.

Paragraph 2. If it is not possible to obtain all the signatures of the board members, the prospectus must be signed at least by a majority of the members of the board. The members of the board who have not signed the prospectus must sign it by the first-coming board meeting.

§ 4. The prospectus of a Danish UCITS must include the following information on the conditions of the Danish UCITS :

1) The names of the Danish UCITS, departmental and potential shareholdings.

2) The address of the Danish UCITS.

3) The Danish UCITS ' registration number in the Finance-SEC and CVR no. for an investment union and SIKAV.

4) The date of the Danish UCITS foundation and the date of the creation of the department and any andloveclasses.

5) The date of publication of the listing.

6) The approval or registration of the Danish UCITS and of the Danish UCITS and of the Danish UCITS and any other classes shall be subject to the approval or registration of the Financial Authority if such approval or registration is not yet available.

7) Who the Danish UCITS receives from, cf. Section 3 (1). 1, no. 1 (a) and (b) of the law on investment associations and so forth, including a profile of the typical investor, as the Danish UCITS, the Danish UCITS departments or any other classes are receiving funds from.

8) The names of the board members and their main employment, by setting out their position, employment and recruitment or residence.

9) The name of the UCITS Director (CEOs), or the name of the Danish UCITS investment management company, address and CVR No, and the name of the director of this company (CEOs). If the Danish UCITS is managed by a company established in another Member State of the European Union other than Denmark, it must be informed of which state the company is established in and where it is based.

10) the approved audit company (name), address (addresses), and CVR-no.

11) Name, address, and CVR no. on behalf of the Danish UCITS debit company and information on the content of the Agreement with the debit company. The information shall include a description of the benefit, the price for the performance and the termination notice of the contract. If the Danish UCITS debit company owns shares in the Danish UCITS investment management company, it must be reported to indicate the size of the owner's share.

12) Names and addresses of companies which advise on the location of the Danish UCITS assets and their principal activities, as well as information as to whether or not advising the Danish UCITS debit company or is a company that is affiliating with the the debit or investment management company. If the Danish UCITS is advising the debit company or company that is companies associated with the debit or investment management company, the content of the Agreement must be reported. The information shall include a description of the benefit, the price for the performance and the termination notice of the contract.

13) Whether or not the Danish UCITS has agreed on the marketing and dissemination of shares in the Danish UCITS departments with the Danish UCITS debit company or a company that is companies associated with the debit or investment management company. If this is the case, the content of the Agreement shall be stated. The information shall include a description of the benefit, the price for the performance and the termination notice of the contract.

14) All other tasks related to the investment management of the Danish UCITS departments, such as the Danish UCITS or the Danish UCITS investment management company, have been delegated to other companies.

15) That the annual report is based on Article 82 of the Law on Investment Associations and so on, and the announcement of financial reports for investment associations and so on.

16) the income of the departmental and cooperative classes to date in kr. per percentage and percentage per per cent. share a 100 kr. for the last five years.

17) The result of the departmental or cooperative classes to date by : $100. ' s share for the last five years and a warning to draw conclusions from this on the forthcoming outcome.

18) The total administrative costs of the subdivision or other classes to date, expressed as a percentage of the average amount of money (cost percentage) for the last 5 years.

(19) The assets of the department and the value of the part of the department ' s assets as each of the holdings ' s holdings shall be returned by the latest annual report or the latest semi-annual tax return.

20) The size or budgeted size, of the remuneration of the management board, management, investment management company, or management company and financial supervision specified on the individual items. In the case of updating, information on the amount of the remuneration in the latest annual report shall be specified in detail on the individual records.

21) If a department invests a significant portion of his wealth in units in other departments or other UCITS, cf. section 143 of the law on investment associations, etc., the Danish UCITS shall have the maximum administrative fees charged by the department or the other classes themselves ; the department must also provide the maximum administration fees for the others ; departments or other classes that the branch invests in.

(22) Where the annual report and the financial statements of the Danish UCITS are available.

23) Whether the department or the other classes are evidence-issuing or account-leading.

24) Whether the departments or the units are issuing physical evidence, or whether the evidence is issued through and recorded in a securities central when the department or the other classes are evidence.

25) Whether the department or the other classes are exostraciting or accumulating.

26) The tax rules applicable to the departmental or any other classes and a general description of the way in which the return of the department or shareholdings is taxed by different types of investment.

27) The determination of the parties or the fund rules on the management costs of the department, cf. § 19, nr. Twenty-two, section 20. 1, no. Twenty-three and twenty-one. Nineteen, in the law on investment associations, etc.

28) The determination of the parties or the fund rules to the voting rights, cf. § 19, nr. 11, section 20, paragraph 20. 1, no. $15 and $21, no. 11 in the law on investment associations, etc.

29) In what circumstances, the General Assembly of a Danish UCITS may decide to dissolve the Danish UCITS, departments or other classes.

(30) How an investor can move its investment from one department to another department or between the other classes in the same department and the costs associated with it.

§ 5. The prospectus of a Danish UCITS must include at least the following information on the andI :

1) Where the shares can be acquired and whether there is a initial period of drawing, and whether the department or the other classes then have an ongoing emission without the maximum amount of money, or whether the department or the other classes are not open to emissions.

2) How the emission price is fixed, including how much of the emission price is estimated to be the cost of the purchase of transferable securities, administration, depotany functions, dissemination, marketing and marketing costs ; the exchange costs of the investor, etc. specified in the individual items.

3) Number of units which will trigger an adjustment of the internal value of the emission and the solution, and the amount of the fee that the internal value can be adjusted if a section uses modified individual price method, cf. the notice of the calculation of emission and solution prices at drawing and the incorporation of units in investment associations, etc. § 6.

4) Payment for and the time limit for delivery or registration in a securities central by the shares.

5) The size of the assets of the department or of the shares of shares at the beginning of the emission allowance shall be set out in million dollars. DKK or information on the question of whether there is a guarantee in respect of units of investment associations in accordance with the law on investment associations and so on updating the listing particulars that such information may be dispensing with.

6) The size of the shares and possibly minimum income if the minimum income differs from the size of the shares.

7) The name of the regulated markets or other regulated markets to which the shares are busy for trade on or will be sought in trade on.

8) Any of any fondcode or ISIN of the component (s).

9) Where the shares are listed in the name, when departments or other classes are in evidence.

10) The deposits of investors, including in the cases where such cases may be subject to exposure, cf. Section 74 (4). Paragraph 1-2 and paragraph 1. 6, in the law on investment associations, etc.

11) Method for the determination of the solution price, cf. rules laid down by the Financial supervision in accordance with section 74 (4). 7, in the law on investment associations, etc.

12) Publication of the emission and depositing price or inner value, cf. section 105 of the law on investment associations and so on, and the information on where publication takes place.

13) In the case of restrictions on the right of investors to be resale for the sale of the shares.

14) How often departments or other classes pay dividends, including the extent to which the departments or the shareholders contain tax of any potential yields to investors.

15) In the case of departments or other classes according to the provisions of the Staff Regulations, the assets of the assets may be set up to ensure a stable encoding rate or for other investor-protective reasons.

16) If divisions or other classes may or must be granted units without the right to yield until the ordinary general assembly, including the emission and solution price for such units, shall be fixed.

17) What facilities are available for payments to investors or the settlement of the shares and dissemination of information on the Danish UCITS, department or other classes. If the shares are placed on the market in another Member State within the European Union or countries concluded by the Community in the financial sphere, the information referred to above shall be given in respect of that country and the prospectus, they shall be published there shall contain such information.

§ 6. The prospectus of a Danish UCITS must include the following details on each section :

1) Place the resources of the department in accordance with the rules laid down in Section IX of the Law on Investment Funds and so on.

2) Which markets will be placed on the market. The markets must be indicated by their official name. In the case of a market situated in another Member State within the European Union or countries with which the Community has concluded an agreement in the financial sphere or a market that is a member of the World Federation of Exchanges, or there are Full Members or Associate Members of the Federation of European Securities Exchanges (FESE), this entry may replace the indication of the name of each of the markets.

3) The investment objectives of the department and investment policy, including a statement on the instruments for which the resources are to be put into. The deposition must include a clear and easily understood description of the department ' s risk profile. In addition, the statement shall contain information on possible benchmarks and any other elements included in the investment policy and in which geographical areas, industrial sectors and the components of the department of the department must be located in. If the instruments are selected on the basis of their credit rating, investment restrictions the department has in relation to the rating shall also be described in the statement.

4) The responsibility of the Danish UCITS investment management company (or investment association) on an undertaking ' s request is required to provide additional information to the department of the quantitative limits applicable to the risk management of the Danish UCITS ; and whether the methods, the investment management company (or investment society) have chosen to ensure that these limits are followed at all times and on information on the most recent developments in the main risks and return on the categories of the individual ; instruments in the department.

5) If the department primarily invests in other financial instruments other than securities or money instruments, the prospectus must make a clear statement on this subject.

6) If the department copies a stock or a bond index, including an index approved by the Finance SEC under the Act of Investment Associates, etc. § 149, paragraph 1. 2, the listing particulars must be a clear declaration on this subject.

7) In the case of the creation of shares in the department, the listing particulars must be provided by the characteristics of each other, including information on :

a) the currency of the second class is denominated in,

b) the type of investor shareplacing on the market across the street ;

c) emission allowance and deposit-deduction ;

d) administrative expenses, consulting costs and marketing costs,

(e) the price calculation method used,

(f) how much of the wealth of shares, the association can be used for class-specific assets,

g) encoding profile,

(h) minimum income ;

i) Characteristics covered by Section 3 (3). 2, in the notice of the other classes of Danish UCITS and so on, and

j) if the department has class-specific assets, it must show what the purpose is and what impact it has for the investment policy of the individual and each other.

8) The last five years performance for benchmark if such use is used, and the performance of the department or the other classes for comparison.

9) Whether or not the department or the other classes will use derivative financial instruments, including the derivative financial instruments, shall be used for the purposes of risk-taking or for the purpose of meeting the department ' s investment objectives.

10) The possible impact of any derivative financial instruments has on the risk profile of the department.

11) The measures provided for by the department or the Andelclasses have been taken to maintain their risk profile.

12) The risks associated with the intended or already available investment (s), including whether large fluctuations are likely to be expected in the net value of the assets of the department or the other classes as a result of the portfolio ' s portfolio ; the composition or investment strategy used. Where the net value of the partition can be expected to have significant fluctuations as a result of the division ' s assets or investment management company (or investment association) used control techniques to the department concerned, the listing particulars shall be a clear declaration on this subject.

13) The countries or international institutions of a public nature which issue or guarantee the securities in which a department intends to invest more than 35%. of his fortune, cf. law on investment associations and so on ; section 147, paragraph 1. 1, no. 4.

Requirements for master and feeders institutions

§ 7. In addition to the in section 3-6, the prospectus of a feeder institution shall include the following information :

1) A statement that the department is a feeder institution and the name of the master institute that the department invests in. It must be stated in the statement that the department always invests at least 85% of its assets in the master department.

2) Information about the department ' s investment objectives and investment policy, cf. § 6, nr. 3, shall be added :

a) Whether or not the findings and the findings of the Foundation shall be the same. If the risk profile of the department does not correspond to the risk profile of the master institute, the listing particulars must contain information on the extent to which risk profiles differ from one another and why.

b) A brief description of the master institute, its organisation, its investment policy and objective, including the risk profile of the master institute, and the latest prospectus of the master institution, including with reference to the free investors ; may have the prospectus of the master department at the department.

c) A summary of the Agreement between the department and the master department, cf. § 104, paragraph 1. 1, in the law of investment associations, etc., or if both the feeder and master department is managed by the same investment management company or administration company, a description of the company ' s internal rules for good business practices in relation to the master / feeder structure and information on how investors can obtain additional information about the master department and have the agreement provided.

d) A description of all remuneration in the form of money or other payable by the department as a result of the department's investment in the master department, as well as the total fees investors will pay as a result of investment in the department in both the department, as in the master department.

(e) A description of the tax consequences for the department ' s investments in the master department.

3) That investors are free to get the Master Institute's years and half-yearly report to the department.

§ 8. In addition to the in section 3-6, the prospectus of a master institution shall include the following information :

1) Which or which feeders institutes the master department is receiving funds from.

2) Whether or not the master department receives funds from the public.

Other provisions

§ 9. The Danish UCITS ' Statute or Fund regulations must be attached to the prospectus as a part of this.

§ 10. Danish UCITS must prepare a document with central investor information for each department or the cooperative category in accordance with the Commission Regulation (EU) No 2. 583/2010 of 1. July 2010 on the implementation of Directive 2009 /65/EC of the European Parliament and of the Council with regard to central investor information and the conditions to be met when the central investor information or prospectus is delivered on a second-term medium than paper or via a website.

Penalty provisions

§ 11. The violation of § § 2 to 12 is punished by fine.

Entry into force

§ 12. The announcement will enter into force on the 22nd. July, 2014.

Paragraph 2. Publication no. 1318 of 14. Depart in December 2012 for information in prospectuses for Danish UCITS and so on are deleted.

Financial supervision, 17. June 2014

Ulrik Nutgaard

/ Anna Frost-Jensen

Official notes

1) The announcement contains provisions implementing the Directive 2009 /65/EC of the European Parliament and of the Council of 13. July 2009 on the coordination of laws, regulations and administrative provisions on certain undertakings for collective investment in transferable securities (UCITS), EU Official Journal, etc. 2009, nr. L302, s. 32.