KNEIP is now offering automated dissemination of UCITS IV written notices to accompanying Key Investor Information Documents (KIIDs) on behalf of clientsbelieved to be the first provider to offer the streamlined service.
With UCITS IV, funds must submit cross-border registrations in order to distribute in host EU member states via their home regulator through the UCITS IV notification procedure. Following that, throughout the lifecycle of the fund, asset managers must also file, publish and disseminate KIID forms, including yearly revisions to update performance. Furthermore, each revision must be filed along with a UCITS IV written notice to the host regulator in the country/countries of distribution.
The new KNEIP offering, sanctioned by Luxembourg-regulator CSSF, is capable of managing the whole process, including dissemination and monitoring of regulatory documents to 30 European Economic Area countries.
KNEIP says UCITS IV written notices have a much greater impact than former UCITS notification processes. The firm says its service offers a cost-efficient solution to the process when asset managers are distributing funds in multiple distribution jurisdictions.
While the new UCITS IV notification procedure has garnered much press and industry attention lately, a less-publicized reality looms just under the surface that will have a much bigger impact long-term on funds than initial fund notifications, says Yves Tambour, product specialist at KNEIP. We cant stress enough the importance of focusing not only on initial fund registration, but in preparing for the entire fund lifecycle with a solution that brings long-term savings through economies of scale and reduced cost per share.
(CG)