25th June 2012

Standard Life Investments Introduction of the Key Investor Information Documents

The purpose of this communication is to highlight Standard Life Investments’ introduction of the Key Investor Information Documents (KIIDs ) in line with the European Commission’s UCITSIV Directive (‘the Directive’).

The KIID is a pre-contractual information document which will replace the Simplified Prospectus in the EU from 1st of July 2012 and have a direct impact on intermediaries, clients, financial advisor professionals and also asset managers.  

This communication is relevant to those who are involved in, or intend to be involved in, the distribution of Standard Life Investments’ UCITS product range.

As a result of this, we have set out below an overview of information we believe highlights your responsibilities and some changes we are introducing.

This is for information only and you are advised to seek independent professional advice in relation to your regulatory obligations under the Directive.

What are intermediaries’ responsibilities in relation to the KIID?

• Intermediaries remain responsible for complying with local rules and regulations in relation to the distribution of Standard Life Investments’ funds.
• Specifically, in relation to distribution of the KIID, intermediaries must (as required under the Directive), provide the relevant up-to-date KIID to investors or potential investors in good time and prior to any investment being made.

What are Standard Life Investments’ responsibilities?

• Under the Directive, Standard Life Investments is responsible for producing and maintaining the KIID, and providing it to intermediaries upon request.

How will Standard Life Investments make the KIIDavailable?

• Standard Life Investments will publish the KIID for each share class or unit class in its UCITS funds as at 25 June 2012
• The most up to date KIID will be available via the website and each share class will have a static web address (URL) to ensure you have access to the most up-to-date KIID for your customers. A full list of each individual URL is available from your relationship manager
• KIIDs will be made available viawww.standardlifeinvestments.com.
• Standard Life Investments has no plans to send KIIDs to existing investors. 

Are there other associated changes?

• Yes. To ensure Standard Life Investments fulfils its regulatory obligations set out in the Directive, the application form/dealing process for retail and private investors who place deals directly with Standard Life Investments has been updated.

The publication and provision of the KIID documents will cover all of our UCITS funds which are in scope for this directive.  Standard Life Investments also maintain a suite of non-UCITS funds and KIIDdocuments are not being provided for these funds at present. You will be notified if there are any changes to the relevant documentation being produced for our non-UCITS product range.

• Standard Life Investments MyFolio Funds
• Standard Life Investments Dynamic Distribution Fund
• Standard Life Investments Select Property Fund
• Standard Life Investments UK Property Fund
• Standard Life Investments Strategic Bond Fund

Should you have further questions on the provision of KIIDs, or any other Standard Life Investments product, please contact your relationship manager.

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Standard Life Investments

Regulation