Veneziano & Partners can serve the needs of clients to produce UCITS KIID and PRIIPs KID, through strategic partnerships with selected service providers, who share our values of excellence and are at the forefront of technology innovation.
Commission Regulation 583/2010, implementing UCITS IV directive, introduced the Key Investor Information Document (KIID) to replace the simplified prospectus and provide investors with better disclosure through a content that was easier to understand and also allowed for greater comparability of the features of different UCITS. The simplified prospectus demonstrated to have failed at the above objectives.
Further to the success of the UCITS KIID, the European Commission embarked in a new venture with the PRIIPs regulation. PRIIPs is an acronym for Packaged Retail Investment and Insurance Products. It represents a cross sector initiative, affecting asset managers, insurance companies and banks, aimed at creating a new standard common disclosure document for retail investors, the KID. The premise of the regulation, besides supporting the European single market, is to enhance comparability with UCITs funds and the overall comprehensibility of financial products for retail investors.
Veneziano & Partners entered into partnership with FundConnect A/S, a true pioneer in the field and one of the first providers to actually produce UCITS KIID, with its service officially launched in the early months of 2010.
Together with FundConnect, Veneziano & Partners can offer production solutions with customized database structure for each client, data inheritance, field analysis and audit trail as well as draft library with comments. Other main features of our solution include collection, publication and distribution of UCITS KIID and PRIIPs KID.
Streamlined process with reduction of the overall related costs for production, publication and distribution of UCITS KIIDs and PRIIPs KIDs