AIC’s Sayers: FCA KIDs Clarification ‘Very Helpful’
The Association of Investment Companies CEO says an FCA statement on Key Information Documents attached to Priips helps, but does not solve, the KIDs’ fundamental problem with overly optimistic projections.
Priips came into force January 1 and since then, Priips manufacturers have been required to prepare and publish a KID for each offering. The KID is a stand-alone, standardised document that lays out risks, performance scenarios, costs and other information, all required to be fair, clear, and not misleading.
Ian Sayers, CEO of the Association of Investment Companies (AIC) says the “not misleading” requirement is where directors and managers are having issues, because in some cases the KIDs
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