Following on from its technical advice on the management of cross border data for UCITS earlier this year (see our coverage here), the Committee of European Securities Regulators (CESR) has just published a series of new consultation papers that provide guidelines for the selection and presentation of data for the new Key Investor Information (KII) documents, which will require firms to rework their data management systems workflow. This data advice is all part of the revised UCITS IV Directive, which is due to be implemented by member states by 1 July next year, and the proposals are aimed at improving the comparability of the data between structured UCITS, especially in a cross border context.

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