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KNEIP, Bob Kneip

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SEB appoints KNEIP for the roll out of their KIIDs

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KNEIP has completed the production and dissemination of the Key Investor Information Documents (KIIDs) as well as the regulatory filing for Skandinaviska Enskilda Banken AB Publ (SEB). The service covers all SEB UCITS funds for the Swedish market and the Luxembourg based international product hub.



SEB’s KIIDs were translated and produced by KNEIP in 12 languages, including English, Danish, Dutch, Estonian, French, German, Italian, Latvian, Lithuanian, Norwegian, Spanish and Swedish. KNEIP then simultaneously disseminated all KIIDs to SEB’s distribution network present in 19 countries across SEB’s target markets. With KNEIP and CETRELSecurities’ regulatory filing solution, SEB has now issued the first round of written notices to regulators in these countries, earning them full UCITS IV compliance, early in the game. To take that information upgrade now, months before the regulatory deadline, is in the interest of the end investor. 



Bob Kneip (pictured), CEO of KNEIP, says: “We are proud to be representing SEB and helping them make the transition from the Simplified Prospectus to the KIID. SEB are pioneers in the early adoption of the KIID and we hope to build on the positive momentum generated by this deal in the run up to KIID implementation on the 1st of July 2012.”



KNEIP’s regulatory filing solution, developed in partnership with CETRELSecurities, is fully sanctioned by Luxembourg regulator CSSF and is capable of automating the dissemination and monitoring of regulatory documents to 30 European Economic Area countries. The technology put in place allows for the automated dissemination of living documents and is currently the only solution that offers automated dissemination of UCITS IV written notices across the EEA.



Rudolf Kömen, Head of SEB Asset Management, Luxembourg, says: “Given the number and nature of our funds, we estimate the need for over 900 unique KIIDs. KNEIP’s experience and innovative technology lends itself to the task of producing and distributing these documents, as well as handling the written notices for our complete fund range. We are confident in their ability to manage the complete process. When taking the outsourcing route with KNEIP, we have the end investor and their information needs in mind.

 ”

KNEIP has already been mandated for the production of over 60,000 KIIDs and the dissemination of over 125,000 KIIDs, with many more on the way.
 

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