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Compliance reporting

PRIIPs / KID

SERVICES
COMPLIANCE REPORTING
CUSTOMER REPORTS
ACARDA PLATFORM

The EU regulation PRIIPs (Packaged Retail and Insurance-based Investment Products) requires that standardised and transparent information must be made available on all "packaged" investment instruments and capital-forming insurance products.

The regulation aims to improve the protection of retail investors. The disclosure of mandatory information defined by PRIIPs via the standardized Key Information Document, or KID for short. Since January 2018, this has been the case in particular for capital-forming life insurance policies and certificates. Fund companies can still use the UCITS KIID temporarily until December 31, 2021.

According to information from the German Investment and Asset Management Association (BVI) dated 21 May 2021, the EU Commission plans to extend the transitional period until 1 July 2022. An approval is still pending.

what this means for your reporting

Asset managers

must be able to calculate and transmit their PRIIPs data according to EPT and CEPT standards. The collection, verification, calculation and the subsequent creation of the KIDs place high demands on data and process management. It is important to find a solution that minimizes your own effort and costs.

Fund providers

must first determine their PRIIPs data and then forward it to the insurance company. This is usually done in EPT and CEPT format. Again, the challenge is to find an efficient, cost-reducing solution.

our solution: acarda PRIIPs / KID

With our acarda solution, you centralize data management, automate EPT and KID or KIID creation and thereby reduce your effort to a minimum.

flexible data management

  • Collection and validation of EPT, CEPT and other input data via a multi-stage testing procedure
  • Possibility of integrating UCITS-KIID data
  • continuous monitoring of all processes via the acarda dashboard
  • ongoing monitoring of results with an alert function that lets you know when action is required

complete risk, performance & cost calculation

  • NAV import according to share certificate class, proxy and market indices
  • Determination or calculation of market risk for all categories (SRI or SRRI)
  • Calculate all relevant indicators based on the recommended holding periods
  • Calculation of costs, total costs and RIY (Reduction In Yield) effects according to PRIIPs

integrated calculation of transaction costs

  • PRIIPS-compliant calculation of historical and current transaction costs based on prices with spreads and benchmarks according to the Full-PRIIPS method
  • optional calculation of transaction costs using the basis point method or New-PRIIPs method according to the exemption and for new products

correct creation of the exchange data

  • automated calculation, creation and distribution of KIDs or KIIDs as well as, if desired, other formats such as fact sheets
  • rule-based multilingual text design (narratives)
  • flexible design of all documents and the user interface in your corporate design

comprehensive distribution functionality

  • automated distribution to insurance customers and fund-of-funds managers
  • future publication for investors via web portal
  • Publication through “white-label” web portal
  • all data and documents are archived

what’s special about the acarda solution

  • The use of a single integrated and transparent platform for data management, calculations, and the creation and distribution of KIDs or KIIDs maximizes the efficiency of all processes.
  • The modular acarda platform-system can be used immediately. It is operated in our certified data center in Luxembourg and does not require any additional IT infrastructure thanks to the browser-based user interface and a central Oracle database.
  • Fast implementation and a comprehensive maintenance service ensure that all legal and customer-related requirements are met; regardless of whether you create the PRIIPS or UCITS reports with the acarda platform or whether acarda takes on this as a service.
  • Highly automated data management and report creation reduce the time and money you have to invest.
  • The web-based acarda dashboard guarantees full transparency over the entire reporting process.
  • Throughout the reporting process you will have access to extensive support and consulting services.
  • By choosing our optional Business Service you could outsource the entire process to acarda.
  • Service Level Agreement: How our Software as a Service works can be configured according to your needs. You pay only for the service you use and on the basis of a contractual agreement.
More about the acarda Platform
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