The PRIIP regulation obliges product manufacturers of packaged investment products (PRIIPs), i.e. also capital management companies as manufacturers of investment funds, to provide a uniform basic information sheet based on the model of key investor information. Since mid-2011, the UCITS Directive and the UCITS IV Directive have already required retail funds to provide essential investor information for private customers in the EU.
As things stand at present, the transitional period granted to investment funds under the PRIIP Regulation expires on 31 December 2019. In view of the current legal situation, however, this also means the provision of two mandatory regulatory publications, some of which contain widely differing information. The EU Commission is considering having both documents run in parallel from 2020 on the basis of their legal frameworks (UCITS & PRIIP) and, if necessary, developing a third explanatory sheet in order to ensure that investors can understand the information.
Attention: Relevant PRIIP ratios and MiFID information must already be provided. Among other things, these use insurance for unit-linked products and so-called multi-option products (MOPs), which enable investments in investment funds in the insurance shell.
Click here for more information on our PRIIP service for insurers.
Reduce your costs and administration effort: With the vwd PRIIP service, you can implement the flood of regulatory requirements in a legally compliant and process-oriented manner. With the vwd template manager, we offer our customers from the fund industry an integrated yet modular platform solution especially for KVGen to efficiently and legally master all regulatory challenges in document management. By means of various document modules (wAI, PRIIP-KID, final conditions, product portraits, information sheets, etc.), the vwd template manager enables all relevant mandatory publications to be created process-reliably and automatically on a consistent database.
Inform yourself about the provision of the required EMT/(C)EPT data, automated creation of IBIP documents and implementation possibilities according to Article 10a or 10b for your legally compliant MOP-PRIIP-KIDs.
Take advantage of our expertise as a certified outsourcing provider of risk analyses and evaluation services. We take over the legally compliant calculation of risk indicators, performance scenarios, transaction costs and much more.
Our colleagues from the Regulatory & Calculation Solutions department will be happy to answer any questions you may have about the vwd PRIIP service.
Phone: +49 69 50701-288