The online solution simplifies the production and servicing of the required Key Investor Information Document (KIID), by providing a standard template layout to meet the regulatory guidelines. Assistance in writing and translating the KIID into the local language as will also be provided by SEI.
The introduction of the KIID is aimed at promoting transparency and uniform standards across EU member states, with documentation provided in each jurisdiction’s home language and limited to two pages.
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SEI said that it has also made additional enhancements to its portfolio compliance monitoring system to test UCITS-specific investment restrictions on an automated basis.
Clients can use the system to determine specific thresholds of risk and exposure based on daily positions and trades, which can be reported in both a summary and detail report on a day-to-day basis.
The asset managers will replace their current simplified prospectus with a KIID for their UCITS products as per the UCITS IV Directive, according to SEI.
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