Since Monday last week, we initiated measures to ensure that all of our colleagues across our offices are working remotely and since Thursday the entire organisation has been working remotely from 5 different countries. We have not experienced any limitations or interruptions in our activities and consequently plan to continue for at least 14 days going forward with strict adherence to the local governments recommendations.

The health and safety of our staff and their families and the business continuity of FundConnect goes hand in hand.

For all in the fund data exchange market - clients, fund distributors, partners, and competitors - if we can be of help, let us know, we will do our best to provide any support we can offer.

 

European Commission published a Consumer testing study on retail investors’ preferred option regarding performance scenarios and past performance information within the PRIIPs Key information document.

More information about the consumer test and the results can be found here

We are happy to close another successful UCITS KIID annual update production round. Thanks to a productive cooperation with our clients, we have finalized the Key Investor Information Document update, adhering to the deadline of 19 February 2020. 

If you wish to learn more about our automated UCITS KIID/PRIIPs KID production solution you can contact us at [email protected] 

FundConnect has been helping asset managers with KIID production ever since the UCITS KIID was first implemented. 

By Jens Jørgen Holm Møller, Experienced executive - international expert in asset management and business strategy

In January 2019, I finalized the first European survey on how to ensure quality in the annual ex post reporting, that is mandatory according to MiFID II. Since then, distributors of investment products for the first time have provided annual ex post information about all costs and charges to their clients.

In general, the reporting based on 2018 data was late and incomplete. As expected fund groups chose different frequencies for updating the EMT (daily, monthly, quarterly, or annual) and different deadlines for updating after New Year.  Finally yet importantly, some fund groups chose the calendar year as reporting period whereas others chose another 12-month period. These differences caused a number of operational challenges for distributors and furthermore, information was not comparable from fund to fund. This definitely led to extra expenses, increased risk and operational inefficiency for the industry.