New York, USA (RFP Connect): The unexampled EU UCITS IV regulation requires a Key Investor Information Document (KIID) for all UCITS funds. KIIDs mark an unexampled departure in the fund industry because they have to be little and easygoing to read with a pre-defined format consisting performance data, two graphs and a risk profile. They must likewise be updated regularly, be rendered into at least one prescribed language of all the countries where they are lotted, and have a data audit trail. All this is a major challenge for fund houses. For more information, delight
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