Prospective Shareholders / Key Information Document

Prospective Shareholders

Introduction

The Markets in Financial Instruments Directive (MiFID II) came into force on 3 January 2018. Distributors and advisors providing services under this regulation are required to provide information about all costs and charges within the funds they offer to their clients.

EMT

The European Fund and Asset Management Association (EFAMA) has endorsed and published the European MiFID Template (EMT), a MiFID information exchange template jointly designed by product manufacturers, such as asset managers, and distributors.

The template provides a functional description of the minimum set of data (defining a product’s target market, distribution strategy and disclosing its costs and charges) from product manufacturers, such as asset managers, to distributors to help them fulfil the regulatory requirements. These requirements came into effect when financial products were distributed after 3 January 2018.

The latest EMT is available on request.  

EPT

EFAMA have also endorsed the use of the European PRIIPS (Packaged Retail and Insurance-based Investment Products) Template (EPT) as a standardised methodology for distributing PRIIPS information between investment firms and insurance entities.

The template provides a functional description of the minimum set of data (e.g. risk and performance calculations, cost and charges information etc.).

Both the EMT and EPT are in a pipe delimited .csv format since they need to be machine readable.

Law Debenture’s latest EPT is available on request.

KID

We are required to make available to retail investors a Key Information Document (KID) The KID provides key information about Law Debenture's shares as an investment product. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. It is not marketing material and nothing in the KID is an inducement to buy or sell Law Debenture shares. Cost, performance and risk calculations in the KID use methodologies prescribed by EU regulation.  The KID will be updated in accordance with applicable regulation.  An investment in Law Debenture is suitable only for investors who are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses which may arise therefrom (which may be equal to the total amount invested).