SIX breaks the 15 million barrier for regulatory documents
March 15, 2018

Swiss financial infrastructure provider SIX says that its regulatory data platform has now added over 15 million Key Information Documents (KIDs) as client on-boarding demands go through the roof two months on from the implementation of the EU's Packaged Retail and Insurance-based Investment Products (PRIIPs) rules.

SIX says that since the rules came into force on January 1, it has been adding roughly 1 million new PRIIP KIDs documents designed to give end investors clearer insight into complex retail and insurance products, per week.

In order to be compliant with PRIIPs, investment firms need to provide vast amounts of data on client risk profiles and credit ratings, as well as past performance and cost allocations. Making this information instantly available from Banks and Asset Managers through to Wealth Managers, who distribute the products, has been the key factor behind the scale of documents on-boarded. Teaming up with several Fund Data platforms, including PRIIPsHub, a division of FundConnect, has broadened the coverage and distribution of public and private documents now made available through the SIX platform.

Carsten Mahler, CEO ofFundConnect said: "Now that PRIIPs and MiFID arein play, there has never been a greater need to have all data and documents in one place for distributors and at the same time ensuring wide distribution of content for Product Manufacturers. Through the openness of its platform, SIX is serving the interest not only of their clients, but also the industry as a whole. By working together, we can provide distributors with efficient access to a wider range of documents and data through a single source."

Phil Lynch, Head of Markets, Product & Partners at SIX added: "There is a growing need for a robust regulatory platform and global network which serves all PRIIPs data and documentation requirements in one place, through a single interface. Our proven ability to integrate and deliver more than a million documents a week since the PRIIPs deadline shows we are capable of meeting the demands of the market for a scalable industry solution, connectingboth Product Manufacturers and Distributors to digitize this critical value chain. The demand for PRIIPs and other regulatory data is only going to get bigger in the coming months as regulators monitor progress. Our platform and global network will continue to expand in order to meet the wider demands of the wider industry."

In addition to PRIIPs, the platform is also a central source for the latest data across other regulations, including MiFID II. Among more than 530 MiFID II data fields, information for cost and charges, target market, best trading venues and tradable instruments is also made available via the platform.





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

Swiss financial infrastructure provider SIX says that its regulatory data platform has now added over 15 million Key Information Documents (KIDs) as client on-boarding demands go through the roof two months on from the implementation of the EU's Packaged Retail and Insurance-based Investment Products (PRIIPs) rules.

SIX says that since the rules came into force on January 1, it has been adding roughly 1 million new PRIIP KIDs documents designed to give end investors clearer insight into complex retail and insurance products, per week.

In order to be compliant with PRIIPs, investment firms need to provide vast amounts of data on client risk profiles and credit ratings, as well as past performance and cost allocations. Making this information instantly available from Banks and Asset Managers through to Wealth Managers, who distribute the products, has been the key factor behind the scale of documents on-boarded. Teaming up with several Fund Data platforms, including PRIIPsHub, a division of FundConnect, has broadened the coverage and distribution of public and private documents now made available through the SIX platform.

Carsten Mahler, CEO ofFundConnect said: "Now that PRIIPs and MiFID arein play, there has never been a greater need to have all data and documents in one place for distributors and at the same time ensuring wide distribution of content for Product Manufacturers. Through the openness of its platform, SIX is serving the interest not only of their clients, but also the industry as a whole. By working together, we can provide distributors with efficient access to a wider range of documents and data through a single source."

Phil Lynch, Head of Markets, Product & Partners at SIX added: "There is a growing need for a robust regulatory platform and global network which serves all PRIIPs data and documentation requirements in one place, through a single interface. Our proven ability to integrate and deliver more than a million documents a week since the PRIIPs deadline shows we are capable of meeting the demands of the market for a scalable industry solution, connectingboth Product Manufacturers and Distributors to digitize this critical value chain. The demand for PRIIPs and other regulatory data is only going to get bigger in the coming months as regulators monitor progress. Our platform and global network will continue to expand in order to meet the wider demands of the wider industry."

In addition to PRIIPs, the platform is also a central source for the latest data across other regulations, including MiFID II. Among more than 530 MiFID II data fields, information for cost and charges, target market, best trading venues and tradable instruments is also made available via the platform.



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site