What is a KIID document?
What is the KIID? The KIID is a two-page ‘fact-sheet’ style document which includes the critical information about a fund. The document aims to help investors understand the nature and key risks of the fund in order to make a more informed investment decision.
Is a KIID an offering document?
The Key Investor Information Document (“KIID”) is a two-page pre-sale document which replaces the Simplified Prospectus and is mandated by the European Commission for all UCITS investment funds, which are marketed and offered within all European Union countries.
When must a KIID be provided?
When must the KIID be updated? KIIDs must be updated within 35 business days of 31 December each year. There are a number of general requirements with regard to updating KIIDs outside of this annual update.
What is the difference between kid and Kiid?
What is the difference between a KIID and a PRIIPs KID?? Simply put, KID is a simplified version of KIID. Both KIID and KIDs (Key Information Documents) are documents designed to help investors to understand investment products behaviour and support comparison with other similar investment products.
What products are PRIIPs?
- structured financial products, such as options, which are packaged in insurance policies, securities or banking products;
- financial products whose value is derived from reference values such as shares or exchange rates (derivatives);
- closed-ended and open-ended investment funds;
What is PRIIPs kid?
The KID (Key Information Document) must be provided to an EEA Resident Retail Investor when purchasing a product covered by PRIIPs. A KID is a pre-contractual informative document which will be provided prior to the conclusion of any such transaction. A KID does not replace a Term Sheet.
Does an AIF need a KIID?
What is the key requirement of the PRIIPs regime? Before an AIF is “made available” to EEA retail investors, a key information document (KID) for the AIF must be drawn up by the manufacturer of the product (eg the AIFM) and published on its website.
What is Kiid risk score?
What is a KIID risk rating? The ‘Risk reward profile’ section of the KIID provides information and warnings about the risks of the fund. The rating is based on the volatility of the fund over the past five years, so the more volatile the fund, the higher the risk rating will be.
Does Priips apply to UCITS?
PRIIP-KIDs are finally coming into effect for UCITS products on 1 July 2022 and all investment and management companies of UCITS products will be required to produce PRIIP-KIDs for all their sub-funds that are distributed to retail investors at share class level.
What is a Priips Kiid?
The Packaged Retail & Insurance-based Investment Products (PRIIP) is an EU regulation that came into effect in January 2018. Key Information Documents (KIDs) are documents designed to help investors to understand investment products behaviour and support comparison with other similar investment products.
What is PRIIPs reporting?
From 1 January 2018 the Packaged Retail and Insurance-based Investment Products Regulation (“PRIIPs Regulation”) will come into force which requires us to provide you with a pre-contractual Key Information Document. The main goal of the PRIIPs Regulation is to enhance investor protection standards for retail clients.
Is PRIIPs part of MiFID?
As at 1st January 2018, the financial services industry will be served a double whammy of regulation – Markets in Financial Instruments Directive II (MiFID II) and Packaged Retail and Insurance-based Investment Products (PRIIPs).
What does KIID mean?
Key Investor Information Document (KIID) definition The Key Investor Information Document (KIID) is a document that provides key information about investment funds, in order to help a potential investor compare different investment funds and assess which fund meets their specific needs.
What is a key investor information document (KIID)?
The Key Investor Information Document (KIID) is a document that provides key information about investment funds, in order to help a potential investor compare different investment funds and assess which fund meets their specific needs. KIIDs will outline a number of important information about a fund, including the fund’s:
Where can I Find my KIID documents?
If you use an intermediary, it is your intermediary’s responsibility to provide you with the appropriate KIID (s). If you invest directly, the KIID (s) will be provided by the company you have invested with. You can find all BlackRock KIID documents on our KIID website.
What should I read in a KIID or Sid?
This should be read in conjunction with the fund’s prospectus, KIID and Terms & Conditions. Neither a KIID nor a SID is marketing material. The information is required by law to help the investor understand the nature and the risks of investing in a particular fund.