Since January 2023, all UCITS, AIFs, life insurance contracts and packaged products sold to non-professional clients need to draw up a KID (Key Information Document) compliant with the PRIIP regulation. While the regulation entered in force in 2018 for all packaged products except UCITS, the rules have been substantially amended for the transition from UCITS KIID to PRIIP KID in 2022.
PRIIPs regulation has established a standard 3 page document that the product manufacturers needs to prepare before selling or advising their product to non-professional investors.
Duration: 4h
Language: Available in English
Number of participants: up to 15
Available under intra-company course (i.e. dedicated session)
Objectives
By the end of this training, participants will be able to:
- define the scope of the PRIIPs regulations;
- describe the manufacturer’s obligations with regards to PRIIPs;
- have a clear view on the regulatory requirements surrounding the KID;
- understand how the risk, the performance and the cost are calculated;
- understand how to complete the PRIIPs KID and its attached reporting.
Content
- PRIIPs definition and scoping
- Intervening parties’ obligations and responsibilities with regards to PRIIPs
- How to draw up a KID for a UCITS fund
- How to measure the risks associated with the PRIIP
- How to calculate forward looking performance scenarios
- How to disclose the costs associated throughout the lifecycle of the PRIIP
- Necessary data required to produce the KID
- How to produce a KID, complying with legal and regulatory obligations
- European PRIIPs Templates (EPT) and European MiFID Templates (EMT)
Target audience
- Financial industry professionals involved in distributing or servicing the KID/KIID
Our lead expert
This training is coordinated by Nicolas Schulz, Partner at PwC Luxembourg. It will be presented by our subject matter experts.
Nicolas is a partner in the risk and regulatory team of PwC Luxembourg. He is playing an active role in the development of risk management practice for the asset management industry (including traded and non traded assets) considering both the regulatory requirements (i.e. UCITS IV, AIFMD) and best practices. He has participated in and led numerous risk management assignments including risk profiling and reporting.
