As leading Reg-Tech cleversoft is dedicated to providing regulatory compliance guarantee for our services and being ready and prepared for any new regulatory challenge.
Thus, we are happy to announce that we have completed and rolled-out the changes for EU PRIIPs RTS 2.0 for our cleversoft Standard OTC PRIIP service on the UAT / STG environment and it is available for you to consult and test.
As we have informed you in our previous article, the new EU PRIIP RTS 2.0 requirements are affecting all PRIIP manufacturers targeting retail clients in EU. The new requirements are applicable starting from January 1st, 2023.
Currently, the new implementation as part of our standard PRIIP service is available in English, as well as the widely used translations in German, French, Italian, Spanish, Portuguese and Dutch. More languages will be added as they become available.
The new update is available for our OTC product manufacturers. Structured Products PRIIP KID solutions will follow shortly. You can use the following platforms for testing:
· cleversoft standard - docFactory™ UAT (Staging)
Below are attached a few sample PRIIP KIDs for your information, that can be used for a quick comparison of the differences between the existing EU PRIIP KIDs and the UK PRIIP KIDs:
If you have any questions as to which of the changes affect your service and to what extent, please inform your contact person, who will be happy to assist you.
Note: UAT (Staging) environment
All clients have access to the staging system, in order to be able to test new changes of the content update:
This system should be seen as a client testing system, which provides the newest enhancements of the standard solution. It has been designed for continuous operation - however, it is not designed to provide the same high availability as the production system. Therefore, we kindly ask you to be prepared for occasional service interruptions within the staging environment, which may be triggered for instance by a restart or a release update.
The staging system always contains the latest version released by cleversoft. The above-mentioned updates are available for testing from August 24, 2022.