Preparing for Priips – Focus on the Key Information Document (KID)
Are you eligible for an exception if you manage a UCITS fund?
What methodology should you be using for transaction costs?
Following numerous amendments, revisions and updates since the regulation was introduced, clients have been left with a multitude of questions.
We are delighted to invite you to an interactive webinar on PRIIPS, where we will look to answer some of those. Diving into how Bloomberg can assist clients with technical requirements of the KID.
Setting the Scene - we will open the webinar by exploring the state of play for retail investment disclosure rules in the EU, and highlight the UK announcement to repeal PRIIPs and replace it with a new retail disclosure regime. We will also give an insight into how these requirements may potentially change in the future.
The KID for category 1,2 and 3 products - we will cover Bloomberg solutions dedicated to contribute to the generation of KIDs for category 1,2 and 3 products, as well as covering client implementation options and typical customer workflows. We will then discuss changes in recent methodology for PRIIPS scenario analytics.
Implicit costs for the KID - finally, we will detail how Bloomberg’s TCA and MAR solution, BTCA, can help calculate transaction costs to meet ‘implicit cost’ calculation standards based on the “arrival price” methodology. The tool also allows clients to monitor trade data and pull out exceptions that breach rule criteria, which can further assist clients in their regulatory requirements.
Speakers
Christian Benson
Market Structure and regulatory strategy: EMEA
Bloomberg
Christian Benson leads market structure and risk strategy for EMEA within Bloomberg's government and regulatory affairs team. This involves supporting clients and internal business stakeholders when it comes to tracking and understanding a wide range of financial market regulatory developments. He is also responsible for building relationships with numerous regulatory and government authorities, and co-ordinates the Bloomberg Monthly Regulatory Brief project. Prior to Bloomberg, Christian worked in capital markets research and consultancy. Christian graduated from the London School of Economics (LSE) with a degree in Economics.
Michal Przybylski
Market Specialist: Derivatives and Risk
Bloomberg
Michal Przybylski is a Market Specialist focusing on derivatives and regulations. He was heavily involved in creating PRIIPS solutions at Bloomberg when PRIIPS regulations came into force in 2018. He participated in sales and implementation of BBG tools at many sell-side and buy-side companies. Michal worked for many years at top tier banks in structuring and derivatives sales. Covering corporates and other institutional customers globally.
Sam Winters
Electronic Trading Solutions: New Business
Bloomberg
Sam is part of a multi-asset new business team focusing on automation, connectivity and transaction cost analysis. Sam looks after both buy and sell side institutions of varying sizes across Europe. Prior to this role, Sam worked on Bloomberg’s buy-side OMS, primarily concerned with execution and how transactional data from the OMS proliferated other dependent systems.