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KNEIP and MSCI will partner on PRIIPS KID production for EU clients
MSCI and KNEIP Communication S.A., based in Luxembourg, are teaming up to help clients meet their obligations under new regulations that become effective next year for Packaged Retail Investment and Insurance-based Investment Products (PRIIPs) produced or sold in the EU.
Beginning January 1, 2017, financial institutions either producing or selling PRIIPs will have to produce key information documents (PRIIPS KIDs) designed to make it easier for retail investors to compare products to each other by presenting key product information in a uniform format.
Through the KNEIP PRIIPS platform, KNEIP will be generating PRIIPS KIDs for mutual clients that will include MSCI’s risk indicator and performance scenario calculations. Each party is currently signing up clients and implementation has commenced.