Key Information Documents
Discover our "one-stop shop" solution PRIIPSLab
The PRIIPs Regulation (1286/2014) is applicable to fund managers (PRIIP Manufacturers) who produce or sell investment products (PRIIPs) to non-professional investors in Europe.
A Key Information Document (KID) should be provided to the investor before the PRIIP is made available.
The KID should be a maximum of 3 pages and includes information on the risk profile of the product, estimated performance scenarios and the costs investors have to bear when investing in the product.
In addition to PRIIP KIDs, PRIIPSLab also produces UCITS KIIDs, EPT, CEPT and EMT files.
We cover all categories
PRIIPs where investors could lose more than the amount invested, derivatives and illiquid Private Equity funds.
PRIIPs with unleveraged exposure to the prices of underlying investments, or a leveraged exposure with a constant multiple. Category 2 includes standard UCITS funds.
PRIIPs whose values reflect the prices of underlying investments, but not as a constant multiple. Category 3 Includes structured products and certain convertible bonds.
PRIIPs whose values depend in part on factors not observed in the market (for instance profit-sharing funds).
UCITS Transition and new PRIIPs RTS
The European Supervisory Authorities (ESAs) propose new PRIIPs Regulatory Technical Standards to become applicable on 1 January 2022. As things stand, 1 January 2022 also marks the first day UCITS will have to provide their investors with a PRIIPs KID. It seems however more and more likely that this deadline will be deferred with 6 months till July 2022. In all cases, RiskConcile is ready to assist its clients with a smooth transition.
How it works
Our solution “PRIIPSLab” is a “one-stop-shop” for the calculation of the summary risk indicator (SRI), performance scenarios and production of the PRIIP KIDs as well as EPT, EMT and CEPT files. PRIIPSLab is available as a Managed Service (the entire process is outsourced to RiskConcile), Software-as-a-Service (SaaS) or API (calculations only).
Step 1: Data
A timeseries, product-specific text and details on the cost structure of the product.
Step 2: Processing
All calculations and document generation is done in PRIIPSLab.
Step 3: Result
The output (incl. KID, KIID, EPT and EMT) is made available on our cloud-based client portal.
Why choose RiskConcile?
RiskConcile is a FinTech with a focus on Risk and Regulatory Technology. We combine a deep operational experience in the financial sector with a technological mindset. Our clients are mainly asset managers based across the globe and include multi-billion investment management firms, hedge funds, law firms, private equity funds and Big-4 audit firms.
Our team consists of former derivatives traders, asset managers, risk managers and private equity professionals.
We can deliver a KID within 24 hours.
We have a strong experience with complex PRIIPs such as structured products, hedge funds and private equity vehicles.
Having a technology-team in-house, we are able to adapt our solutions on-the-fly to accommodate clients if needed.
We are proud to offer strong value for a competitive price.
Want more information?
Are you in urgent need of a KID or do you want to review your current PRIIP-process?
Please reach out and we will contact you within 24 hours!
Read our white papers on PRIIPs !
PRIIPs 2.0: Bye Bye Formulas?
Download our white paper on the revised PRIIP calculation methodology for performance scenarios. The ESAs propose the new methodology to apply as from 1 January 2022.
The 2021 Steeplechase
Some pressure never hurts and on Feb 5th, 2021, the new proposal drafted by the European Supervisory Authorities (ESAs) is available on ESMAs website. In this revised RTS, some items have been replaced, whereas others were amended and some new elements have been added. In this executive summary, we present the different changes that are to be implemented.
Waiting for Godot
In July 2020, the ESAs informed the Commission on a new draft of the Regulatory Technical Standards (RTS) for PRIIPs. But the same EU regulators failed to endorse these technical standards. In this whitepaper we cover in detail what was on the drawing table (and what will probably come our way in the near future.