KID Compliance ServicesCraft your fund KIDs, while calculating performance, risk, and cost figures
The PRIIPs Regulation (EU 1286/2014) mandates issuers and asset managers to provide their customers with all Key Information Document (KID). The PRIIPs Service provides highly automated tools to fully and efficiently comply with the regulatory requirements.
For retail investment products distributed in the UK, the UK’s Consumer Composite Investments (CCIs) Disclosure Framework replaces the onshored UK PRIIPs regime and sets new standardised disclosure requirements. cleversoft’s UK CCI service helps firms transition to and comply with the new disclosure framework by providing scalable, automated solutions.
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We will be happy to advise you on the details.
Why choose cleversoft?
cleversoft offers comprehensive PRIIPs/UK CCI services tailored specifically for investment management companies. Our services include the creation of KIDs and UK CCI Product Summaries, calculation of required risk indicators, performance scenarios, and cost figures. Our integrated platform is also used to produce and distribute the European PRIIPs Template (EPT) and the required CEPT. With a high degree of automation, our tools minimize your compliance risks and optimize the efficiency of your entire reporting process.
1. Calculation of Costs and Performance Scenarios
- Investment Type Identification: Identify investment types needed for cost calculation as per PRIIPs Regulation and the UK CCI Disclosure Framework.
- Cost Calculation: Calculate total costs and their impact on Reduction in Yield for your PRIIP KID. Calculate one-off entry, one-off exit, ongoing and transaction costs for your Product Summary.
- Market Risk Calculation: Assess market risk for all PRIIPs/UK CCI categories.
- Transaction Costs Analysis: Calculate historical and current transaction costs.
- Scenario Analysis: Generate stress, unfavorable, moderate, and favorable scenarios based on recommended holding periods (RHP).
- Past Performance: Display chart data to illustrate the performance of your product on your UK CCI Product Summary.
2. Production of PRIIPs-KIDs & UK CCI Product Summaries for Funds
- Template Definition: Define and implement PDF templates for PRIIPs-KIDs/Product Summaries according to regulatory specifications and fund company layout.
- Rule Coordination: Implement rules for producing PRIIPs-KIDs/Product Summaries based on client data.
- Document Production: Ongoing production and monitoring of PRIIP KIDs/Product Summaries, updated annually or when significant changes occur.
3. Generation of EPTs/CEPTs
- Process Coordination: Implement joint processes with clients for EPT/CEPT generation.
- Data Provision: Provide standard data requirements tailored to PRIIPs/UK CCI for all relevant funds.
- Cost and Risk Calculation: Calculate costs, returns, and synthetic risk indicators (SRI).
- Document Production: Produce and update EPTs/CEPTs, ensuring compliance with regulatory changes.
4. Additional Services
- Consulting and Support: Offer consulting and support for PRIIPs/UK CCI implementation.
- Microsite Implementation: Develop a microsite to make PRIIPs-KIDs/UK CCI Product Summaries accessible on the internet.
- Publishing Platform: Provide a platform for PRIIP/UK CCI publishing and dissemination.
- Regulatory Monitoring: Monitor regulatory requirements and guide necessary actions.
- Translation Management: Manage translation of text modules in collaboration with external agencies.
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