USEFUL FACTS ABOUT THE PRIIPS AND MIFID II REGULATIONS
As of January 2018, the complex PRIIPs and MiFID II regulations require the disclosure of additional fund-specific product information by insurance companies and distributors. The asset managers and their service providers have to provide and combine these data with the product and distribution costs.
The challenge of the asset managers lies in the compilation and calculation of data. These include, in particular, the risk and performance metrics, ex-ante and ex-post costs, different types of transaction costs, product and target market descriptions as well as the target fund data.
The insurance companies and distributors have to collect the data centrally and enrich it with their product costs. Thereby the complexity lies in the organisation and adaptation of the often-different interpretation of the standard formats of EMT and EPT. In this case, the responsibility lies with the suppliers.