SGSS and the KII Service
09 November 2010 Paris
Image: Shutterstock
Societe Generale Securities Services (SGSS) is launching a new services offering, aimed at asset managers, which will take charge on their behalf of the regulatory measures involved in replacing the Simplified Prospectus for UCITS by the Key Investor Information (KII) document.
This offering allows SGSS’ clients to meet the new regulatory requirements by delegating responsibility to SGSS, not only for the main regulatory changes and administrative requirements, but also for the calculation of the various indicators required by the KII, such as the risk / return indicator. Asset managers will thus be able to focus on preparing information about the objectives and investment policies of their funds, which is also covered by the KII, whilst allowing SGSS to manage the remaining procedures in their place.
The UCITS IV Directive and its applicative texts foresee the replacement of the Simplified Prospectus by the KII from 1 July 2011. This document, written in the language of the country of sale, will give investors access to standardised and summarised information about the main characteristics of UCITS funds.
This offering allows SGSS’ clients to meet the new regulatory requirements by delegating responsibility to SGSS, not only for the main regulatory changes and administrative requirements, but also for the calculation of the various indicators required by the KII, such as the risk / return indicator. Asset managers will thus be able to focus on preparing information about the objectives and investment policies of their funds, which is also covered by the KII, whilst allowing SGSS to manage the remaining procedures in their place.
The UCITS IV Directive and its applicative texts foresee the replacement of the Simplified Prospectus by the KII from 1 July 2011. This document, written in the language of the country of sale, will give investors access to standardised and summarised information about the main characteristics of UCITS funds.
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