From 1 January 2023, PRIIPs (Packaged Retail Investment & Insurance Products) regulation will apply to managers of UCITS funds, and a PRIIPs Key Information Document (KID) will be required for each fund registered for distribution in the EU. In the UK, asset managers must continue to use the UCITS Key Investor Information Document (KIID) for at least another five years.
We integrate fund static data, prices and cost data from various sources (asset manager, fund administrator etc.) and calculate all PRIIPs-related key figures such as SRI, Performance Scenarios and Transaction Costs according to the new Arrival Price Method.
Production of the PRIIPs KID document and the European PRIIPs Template (EPT) in accordance with the standards set by the FinDatEx working group.
The PRIIPs regulation requires the manufacturer of retail financial products to produce a KID. The KID provides essential and standardised information for financial products such as funds, structured products, or unit-linked insurances to support the retail investor's investment decision process. The FinDatEx working group has developed the market standard EPT template to support the machine-readable exchange of the most important data points included the PRIIPs KID. Our full-service PRIIPs offering consists of four major workflow steps.
At the core of regulatory fund data disclosure and reporting is
accurate data. Validated input data is the prerequisite to scalable and well-functioning report
iQuant Solutions' proprietary data acquisition model makes it seamless to source and validate data
third party systems. We always capture data directly from a raw source, such as from fund
We source NAV valuations and positions from fund administrators, transaction history from OMS systems, arrival prices from TCA (Transaction Cost Analysis) providers, as well as static data and narratives from the investment manager. All input data flows through our data validation process as part of the data acquisition step.
We support the calculation of various ex-ante and ex-post transaction cost methodologies
such as the new PRIIPs method, the open/close-price method, the panel-survey method, and most
notably the arrival-price method.
We see various use cases for obtaining the arrival price. Depending on the trading setup of the client, we typically obtain the arrival price from OMS systems, affiliated brokerage firms, or TCA providers.
We support our clients with a range of reporting types including the EPT, KID, CEPT and DCPT. In addition, we also provide a solution for the disclosures of Past Performance and Previous Performance Scenarios. After undertaking a full set of robust validation processes, reports are then signed off by the fund manager or manufacturer.
We disseminate data to a wide range of distributors and platforms. iQuant Solutions also provides assistance with any post-reporting queries related to the produced reports.
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