Invitation to join PRIIPsHub
Marc Bayot, Chairman of PRIIPsHub
The financial industry is constantly under pressure to meet new regulatory requirements. The PRIIPs regulation is presently one of the most challenging.
On the 1st of January 2018, the first manufacturers and distributors of Packaged Retail and Insurance based Investment Products will have to publish the KID for PRIIPs document. This will require a need for a massive exchange of information from mainly the UCITS fund companies. In parallel, the industry has to get used to and adopt new calculation methods for risk, performance scenarios and fee calculations.
PRIIPsHub is the new industry infrastructure for the exchange of data for the new KID production. Our objective is to facilitate an efficient and neutral exchange mechanism servicing as a utility entity for all industry stakeholders i.e.
- The manufacturers and distributors of packaged retail and insurance based investment products
- The producers of the underlying investment vehicles such as the fund companies and
- The service providers facilitating the industry with the production of the documents
I strongly invite stakeholders to join our initiative. With the speed this regulation is taking, we are very interested to hear about any sort of ideas, proposals or collaborative efforts that can help us in achieving an efficient data exchange for the benefit of the industry.
Marc Bayot, Chairman, [email protected]
Brussels, 27 August 2016
Marc Bayot serves and has served as independent director for numerous leading asset managers. Furthermore Marc is Honorary Chairman of EFAMA, (European Fund and Asset Management Association) and BEAMA (Belgian Asset Management Association)