SRRI

Are you preparing for PRIIPs?

Insights -

New Rules on PRIIPs On the 7th April, the Joint Committee of the European Supervisory Authorities finished its regulatory technical standards (RTS) on KIIDs for PRIIPs. The new rules address the content and presentation of the KIDs and include: a common mandatory 3-page template for the KID, covering the texts and layouts to be used (see Annexes I, III, V and VII of the Report); a summary risk indicator of seven classes for the...

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Translation fears mount over KIID documents.

Factbook News -

Legal, translation and reporting specialists have voiced fears over the burden for fund promoters under UCITS IV. Among the important legal, workflow and production challenges in meeting the KIID (Key Investor Information Documents) requirements to be implemented in July, fund managers that wish to ‘passport’ UCITS funds into other EU states will have to translate KIIDs into the local language of each country where the fund is sold. Brooke Christian of leading translation provider TransPerfect...

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