PRIIPs

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.

Data Acquisition

At the core of regulatory fund data disclosure and reporting is high-quality, accurate data. Validated input data is the prerequisite to scalable and well-functioning report production. iQuant Solutions' proprietary data acquisition model makes it seamless to source and validate data from various third party systems. We always capture data directly from a raw source, such as from fund administrators and transfer agents.

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.

Calculations

iQuant Solutions’ PRIIPs service offering also includes the calculation
of all of the following metrics based on raw input data:

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.

Report Production (KID, EPT, CEPT)

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.

Dissemination

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.