KID Compliance ServicesA complete compliance package for issuers and distributors
Issuers and distributors of over-the-counter (OTC) and structured products are required by the PRIIPs Regulation (EU No. 1286/2014) to provide their customers and distribution partners with all key product information in a clear and comprehensible Key Information Document (KID). cleversoft’s PRIIPs service provides highly automated tools to fully and efficiently meet 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.
Get started with KID Compliance Services for Banks today
We will be happy to advise you on the details.
Why choose cleversoft?
cleversoft’s PRIIPs/CCI service for OTCs and Structured Products is specifically tailored to the needs of issuers and distributors. It integrates all the necessary components to ensure full compliance with regulatory requirements – from data generation and calculation of the required key figures to the creation and distribution of EU PRIIPs and UK CCI. The service also integrates product lifecycle monitoring (DeltaMonitor) to follow the products’ development. With a high degree of automation, our tools minimise your compliance risks and optimise the efficiency of your entire reporting process.
docFactory & docArchive
Create pre- and post-trade documents for all OTC and structured products
docFactory is an application developed by cleversoft for the creation of regulatory documents, such as PRIIP KIDs, UK CCI, Final Terms, Term Sheets and more – especially for OTC derivatives and structured products.
The cloud-based service includes the generation of complex documents with standard or customized logic, the calculation of all key figures and performance scenarios, and the preparation and archiving of the documents. A wide range of query functions enables you to precisely map your specific regulatory requirements.
Together with docFactory, cleversoft’ s docArchive module ensures audit-proof archiving and 24/7 access to the documents at all times. It stores document metadata as well for easy retrieval of the documents.
docCreator
docCreator is a powerful document generation engine that ensures the required content handling for generation of both standard and tailor-made document narratives which comply with the PRIIPs and UK CCI regulatory requirements. The document automation of the following products is supported:
- Structured Products
- OTC products
- Funds
docRepository
cleversoft’s docRepository solution enables you to obtain PRIIP KIDs and all other regulatory documents, such as UK CCI, PIB, FIDLEG basic information sheets, etc.
KID Compliance Services