By the start of 2017, the Packaged Retail and Insurance-Based Investment Products (Priips) Directive will require providers of financial products to create a Key Information Document (Kid) that is a maximum of three pages. Ucits funds, or investments that may be sold across Europe, must produce a Kid starting at the end of 2019 in […]
The recent £18m fine imposed by the UK Financial Conduct Authority for a number of compliance breaches, including mistakes made in Key Investor Information Documents (KIIDs), has made it clear that the regulators are not kidding around about compliance by Ucits. This is just the latest example of regulators taking the KIID very seriously, showing […]
Thomas Eriksson, chairman and Pia Nilsson, CEO Of the Swedish Investment Fund Association have rejected a suggestion from Henrik von Sydow, chairman of the Swedish Parliament’s Committee on Taxation, for investment funds to bill investors rather than apply management fees.
UK manager Baillie Gifford has selected Kii Hub to produce Key Investor Information documents for its Ucits funds.
European asset management firms are falling short in their completion of KIIDs, the Key Investor Information Document which must be adopted across the region by 2012.
Luxembourg asset manager Duemme International Luxembourg has selected BNP Paribas Securities Services to produce its Key Investor Information Document (KIID), a legal Ucits IV requirement since July 1 2011.