(1) The capital management company or the EU UCITS management company must prepare, for an open-ended retail investment fund managed by it, the sales prospectus and, where the open-ended retail investment fund is not distributed exclusively to professional investors, the key information document under Regulation (EU) No 1286/2014, and must make the respective current versions accessible to the public on the website of the capital management company or the EU UCITS management company. For open-ended AIF retail investment funds, the sales prospectus and the key information document under Regulation (EU) No 1286/2014 may be made accessible to the public only once the management company is permitted to commence distribution of the investment fund under section 316.
(1a) Where the capital management company or the EU UCITS management company draws up, provides, revises, and translates a key information document under Regulation (EU) No 1286/2014 for a domestic UCITS, it need not additionally prepare the key investor information.
(2) A common sales prospectus may be prepared for the individual sub-funds of an umbrella investment fund, in which the following particulars must be presented in a clear and comprehensible manner: 1. for all sub-funds together, the particulars named in section 165 that are identical for all sub-funds, and 2. for each sub-fund separately, all particulars for which differences arise for individual sub-funds on account of a particular investment policy or other structural features.
(3) The particulars in the key investor information, and the particulars of material significance in the sales prospectus, must be kept up to date.
(4) The UCITS capital management company or the EU UCITS management company must submit to the Federal Institute, for the domestic UCITS managed by it, the sales prospectus and either the key information document under Regulation (EU) No 1286/2014 or the key investor information, without delay after first use. On request, the UCITS capital management company must also make available to the Federal Institute the sales prospectus for the EU UCITS managed by it under sections 49 and 50.
(5) The UCITS capital management company or the EU UCITS management company must submit to the Federal Institute, for the domestic UCITS managed by it, all amendments to the sales prospectus and either to the key information document under Regulation (EU) No 1286/2014 or to the key investor information, without delay after first use.