MiFID II and PRIIPs
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European Compliance Solutions
Best Execution Reporting and Market Abuse Surveillance
MiFID II and PRIIPs significantly impacts any financial institution that offers services in the European Union.
Abel Noser offers comprehensive best execution data and market surveillance services in light of 2018 European regulations.
PRIIPs Analytics
Packaged Retail Investment and Insurance Products
PRIIPs, or packaged retail investment and insurance-based products, refers to a broad category of financial assets that are regularly provided to consumers in the European Union through banks or other financial institutions. Many US firms with European activities fall within regulatory oversight.
Abel Noser Solutions has created an expedited regulatory offering for clients with funds that fall under upcoming PRIIPs disclosure requirements. We can provide the data, expertise and archival solution you'll need to construct and maintain a PRIIPs Key Information Document (KID) for retail investors.
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Our Solution
- Easy-to-implement features that will fulfill your PRIIPs transaction cost reporting requirements
- Simple 3-year lookback extraction & post-implementation PRIIPs services
- Automated delivery of PRIIPs transaction cost summaries for internal or 3rd party 'KID' aggregate forwarding
- Self-generating report capability with measurement carve outs that accurately provide transaction costs for Market Close and ETF activity
- Summary aggregate portfolio and detailed transaction-based exports
Key Compliance Points
Objectives: To improve transparency and increase investor confidence by ensuring comparability between similar products and harmonize the framework of administrative and financial penalties on a Europe‐wide basis.
Products in Scope: Asset managers, UCITS, structured products, guaranteed capital/return products, all investment funds.
Insurance: Unit linked life insurance and certain pension products.
Requirements: Obligation for firms selling investment products to provide investors with Key Information Documents (KIDs) prior to any proposal or contract.
Resources: See PRIIPs details, scope and KID requirements
Implementation Date: January 3, 2018 (with 3 year look back requirement)
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