Equipos (now SimCorp Coric) co-founder and Chief Technical Officer Damian Bryan has been invited to present to delegates at TSAM Europe 2011 on the highly topical issue of UCITS IV Key Investor Information Document (KIID) delivery. Many asset management firms are struggling to address KIID delivery in advance of the July 2011 deadline set by the UCITS IV standardisation initiative. All investment companies selling funds within EU member states will be legally obliged to produce a KIID written in the local language of each country in which the fund is sold. Each KIID must be updated regularly to ensure accuracy.
Mr Bryan's presentation, entitled Are you ready for KIID? Tactical and Strategic Approaches to Tackling UCITS IV KIID Delivery Requirements, will include practical advice to help investment management firms to plan wisely, implement effectively and ensure regulatory compliance - not only in advance of the July 2011 deadline but in future years as the regulation evolves.
According to Mr Bryan: "KIID has crept up on a lot of investment firms and the race is on to satisfy the regulators. Those who rush into deployments or outsourcing in order to meet the deadline, without planning for the future, could end up making a costly mistake. I'm delighted to have the opportunity to share tips and techniques for success with TSAM Europe delegates. My presentation will be based on many years experience implementing client reporting solutions with global asset management firms."
Last year, well in advance of the 2011 deadline, Equipos (now SimCorp Coric) launched Coric KIID which enables users to generate every KIID in the native language of any country in which an investment product is available. Coric KIID is used by Northern Trust and other key clients to handle KIID delivery. Equipos (now SimCorp Coric) provides a range of consulting and translation options to accelerate implementation and ensure success.
Also at TSAM Europe 2011, Equipos (now SimCorp Coric) CEO and renowned industry thought leader Alan Hamilton will participate in the Client Communications: Web-based Delivery panel discussion.