Reporting

Key Investor Information Document (KIID)

In accordance with UCITS IV.

All-inclusive KIID process: data management, monitoring, production, distribution.

Under the rules of UCITS IV (undertakings for collective investment in transferable securities), the Key Investor Information Document (KIID) will become a mandatory element of product information for all retail investment funds. The KIID for each fund is subject to strict guidelines with respect to form and content. It provides investors with information on investment objectives, risks, costs and historical performance. The KIID must be updated at least once a year, and even more frequently in the event of changes to critical parameters – such as risk. Fund managers must provide the current version of the document to retail customers prior to conclusion of any transaction.

 

These requirements make production of the KIID far more time and resource consuming for the fund company than producing typical fact sheets for fund marketing. The process entails.

  • Coordination of various departments at the asset management company (Legal, Product Management, Risk, Marketing) to provide important control information and data
  • Compliance with complex requirements for determination of the Synthetic Risk and Reward Indicator (SRRI)
  • Continual monitoring of variable KIID components, as well as non-scheduled production and distribution of new KIIDs as necessary
  • Historization and traceability of the information used to produce the various KIIDs

Fund companies have to spend a great deal of time and resources to ensure proper implementation and maintain compliance with the KIID requirements. To alleviate this regulatory burden, IDS GmbH – Analysis and Reporting Services (IDS) offers an efficient process for reliable and cost-effective KIID production.

 

Would you like to know what to consider when implementing a KIID solution? Our compact 10 factors will provide you with a good overview!

 

For further information please also refer to our success story: KIID Implementation at Allianz Global Investors Europe

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