Everything you need to know and do to get ready before 31 December 2022
December is not really the deadline
PRIIPs has always had its share of changes and uncertainty. At the beginning of last year, the European Supervisory Authorities delivered the draft RTS to the European Commission. Then in November, the European Parliament finally voted to extend the general transition to the revised EU-PRIIPS Key Information Document (KID) until 31 December 2022. Whilst the end of year may seem like a long time away, our research suggests that firms ought to aim to be ready as early as the end of April.
If you distribute UCITS funds, you will be impacted
What is PRIIPs
Under the PRIIPs Regulation product manufacturers must produce a standardised “Key Information Document” (KID)
The exemption for UCITS funds under PRIIPS will end on 31 December 2022
Am I impacted?
If you currently distribute UCITS funds in Europe, you will be impacted
What is the impact?
Manufacturers of UCITS funds will need to start providing KIDs instead of Key Investor Information Document (KIID)
Why you should be ready by the end of April 2022
When it comes to preparing for PRIIPs, the regulatory timeline is not the only schedule Asset Managers need to pay attention to.
Simplify and accelerate PRIIPs compliance with Kneip
Once you upload your data with Kneip, risk, performance scenarios and costs are calculated automatically. You have the flexibility to produce PRIIPs EPTs, CEPTs and KIDs in source language and other target languages. You can even monitor your data changes through a dashboard and gain transparency over the process. For your insurance products, you get instant access to target market and PRIIPs definitions in standard EPT and EMT formats. And you can trust that our experts continue to ensure that you remain compliant with the latest regulatory trends.
Cover all aspects of production with one tool (data integration, calculation, translation, production and monitoring)
Stay ahead of regulatory changes as Kneip ensures your compliance with the latest PRIIPs rules
Leverage data already available through other Kneip services
Insurance clients benefit from the options available, which allow them to access the front-app to generate the KID booklet in real time
Insurance clients benefit from the options available, which allow them to distribute Scheme Information Documents (SIDs)
along with a generic KID for underlying investment disclosure
Kneip offers an end-to-end investor disclosure solution with a truly global reach
Your partner of choice for investor disclosure
European leader in investor disclosure reporting, Kneip produces more than 200,000 UCITS KIID, PRIIPS EPT/KID per annum.
Reduce the total cost of ownership of your investor disclosure by up to 40% with Kneip.