A KIID document is a primary source of knowledge about funds for investors. It is aimed to replace an abbreviated version of a prospectus.
Therefore, its preparation requires great diligence. The document shall be subject to continuous monitoring to have it updated and published at times prescribed in legal norms. Based on our in-depth knowledge of the market of investment funds in Poland, long-term experience in the field of accounting for investment funds and preparation of systems and application that are to support processes relating to investments, we have resolved to expand our offer to include that product.

New Regulation 1286/2014 introduces an obligation of preparing KIID documents also for closed-end funds, insurance and investment products, and also for regular saving products. Having analysed needs of the market ProService Finteco has reviewed obligations that the said regulation brings about.

The purpose of the regulation is to:

  • protect investors by increasing transparency of investment products,
  • increase awareness of the investment risk and costs related to investment products,
  • ensure comparability of products in terms of adequacy, risks, and value for the Investor.

Obligations under Regulation 1286/2014 apply to:

  • banks,
  • insurance companies,
  • credit institutions,
  • investment firms.