Preparing the PRIIPs KID

• Financial industry professionals involved in distributing or servicing the KID/KIID

Since January 2023, all UCITS, AIFs, life insurance contracts and packaged products sold to non-professional clients need to draw up a KID (Key Information Document) compliant with the PRIIP regulation. While the regulation entered in force in 2018 for all packaged products except UCITS, the rules have been substantially amended for the transition from UCITS KIID to PRIIP KID in 2022.

PRIIPs regulation has established a standard 3 page document that the product manufacturers needs to prepare before selling or advising their product to non-professional investors.

By the end of this training, participants will be able to:

• define the scope of the PRIIPs regulations;
• describe the manufacturer’s obligations with regards to PRIIPs;
• have a clear view on the regulatory requirements surrounding the KID;
• be able to understand how the risk, the performance and the cost are calculated;
• understand how to complete the PRIIPs KID and its attached reporting.

• PRIIPs definition and scoping
• Intervening parties’ obligations and responsibilities with regards to PRIIPs
• How to draw up a KID for a UCITS fund
• How to measure the risks associated with the PRIIP?
• How to calculate forward looking performance scenarios?
• How to disclose the costs associated throughout the lifecycle of the PRIIP?
• Necessary data required to produce the KID
• How to produce a KID, complying with legal and regulatory obligations?
• European PRIIPs Templates (EPT) and European MiFID Templates (EMT)?

This training is coordinated by Nicolas Schulz, Partner at PwC Luxembourg. It will be presented by our subject matter experts.

• Nicolas Schulz is a partner in the Regulatory Advisory service with over 20 years of experience in the investment fund sector in Luxembourg, specializing in regulatory matters. He has supported numerous clients in launching fund structures and has held key roles such as conducting officer, head of legal, compliance, and domiciliation for an international management company, as well as serving as a board member of Luxembourg funds. Nicolas is a regulatory and compliance expert and project manager advising on investment management regulations, domestic and international restructuring, outsourcing, and fund distribution. His client projects include fund documentation, licensing, KIID/KID production, and CSSF regulatory compliance advisory.