Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

23695

Silverfinch welcomes PRIIPs RTS and simplification of data exchange

RELATED TOPICS​

Silverfinch has welcomed the announcement by European authorities that they have agreed on a new set of PRIIPs Regulatory Technical Standards (RTS) following an agreement between the European Commission and Parliament that will see the rules come into force at the start of 2018.

The European Working Group will also be amending the European PRIIPs Template (EPT) in the next few weeks to align with new RTS.
 
The new PRIIPs template will allow transfer of UCITS KIID data in the same format as PRIIPs.
 
Insurers can now easily signpost any UCITS compliant fund that is sold through a PRIIPs relevant wrapper using the same data fields as for PRIIPs products. This simultaneous data exchange cuts the need for a two-stage implementation that had previously been envisaged.
 
The onus now lies with those selling PRIIPs products to reach out to their asset managers and ask to receive the relevant data in the EPT format now to allow adequate time for system tests before the January 2018 introduction.

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by