The KIDs Are Alright (But the Priips Still Have Issues)
Europe’s Packaged Retail and Insurance-based Investment Products becomes law on January 1, 2018. In-scope market participants racing to meet its significant data and reporting challenges all face the same hurdle: how to calculate implicit costs. Jamie Hyman investigates how a single data field can cause so much trouble, what calculation options exist, and the ramifications if firms get it wrong.
Compliance managers have the green light to combine deliveries for both regulations, but even with those overlaps, Priips presents its own data and reporting challenges.
Initially, the Priips directive was due for implementation in January 2017, but the deadline was delayed a year in the hopes that further legal clarity would lead to smoother implementation. In March 2017, the European Commission published a revised draft of the Regulatory Technical Standards (RTS), and the European Supervisor
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Also: Trading Technologies is developing an OMS for the sell side and Orbital Insight is embracing a platform-as-a-service model.
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