RBC Dexia will provide key investor information document (KIID) services for Impax Asset Managements Irish UCITS funds.
The KIID will replace the UCITS simplified prospectus on July 1. Filing will be required for all investment products in Europe.
RBC Dexia already provides the London-based company with fund accounting, custody and financial reporting.
This new mandate shows the quality of our end-to-end KIID solution, and strengthens our excellent relationship with Impax Asset Management, says David Dibben, head of Global Fund Products at RBC Dexia. As the implementation deadline for the KIID approaches, fund managers increasingly understand that selecting the right partner with the best solutions means they can focus on their core business and meet the new regulatory requirements in a cost-efficient way.
Darren Johnson, CEO of Impax Asset Management, adds: We have a close working relationship with RBC Dexia and appreciate the consultative approach they bring to us. In these times of increasing regulation, it is essential we work with a partner we trust and who has a proven track record so that we are confident of meeting our obligations and also providing investors with the greatest transparency.
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