1. This Regulation shall enter into force on the 20th day following its publication in the Official Journal of the European Union.
2. This Regulation shall apply from 1 July 2011.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 1 July 2010.
For the Commission
The President
José Manuel BARROSO
(1)
OJ L 302, 17.11.2009, p. 32.
(2) See page 42 of this Official Journal.
(3)
OJ L 145, 30.4.2004, p. 1.
(4)
OJ L 241, 2.9.2006, p. 26.
(5)
OJ L 25, 29.1.2009, p. 18.
ANNEX I
REQUIREMENTS RELATED TO THE PRESENTATION OF THE SYNTHETIC INDICATOR
1. The synthetic indicator shall rank the fund on a scale from 1 to 7 on the basis of its volatility record.
2. The scale shall be shown as a sequence of categories denoted by the whole numbers in ascending order from 1 to 7 running from left to right, representing levels of risk and reward, from lowest to highest.
3. It shall be made clear on the scale that lower risk entails potentially lower reward and that higher risk entails potentially higher rewards.
4. The category into which the UCITS falls shall be prominently indicated.
5. No colours shall be used for distinguishing between items on the scale.
ANNEX II
PRESENTATION OF CHARGES
The charges shall be presented in a table structured in the following way:
One-off charges taken before or after you invest
Entry charge
Exit charge
[] %
[] %
This is the maximum that might be taken out of your money [before it is invested] [before the proceeds of your investment are paid out]
Charges taken from the fund over a year
Ongoing charge
[] %
Charges taken from the fund under certain specific conditions
Performance fee
[] % a year of any returns the fund achieves above the benchmark for these fees, the [insert name of benchmark]
—
A percentage amount shall be indicated for each of these charges.
—
In the case of a performance fee, the amount charged in the fund’s last financial year shall be included as a percentage figure.
ANNEX III
PRESENTATION OF THE PAST PERFORMANCE INFORMATION
The bar chart presenting past performance shall comply with the following criteria:
1.
the scale of the Y-axis of the bar chart shall be linear, not logarithmic;
2.
the scale shall be adapted to the span of the bars shown and shall not compress the bars so as to make fluctuations in returns harder to distinguish;
3.
the X-axis shall be set at the level of 0 % performance;
4.
a label shall be added to each bar indicating the return in percentage that was achieved;
5.
past performance figures shall be rounded to one decimal place.