Lipper, a Thomson Reuters company and leading fund research firm and European Fund Administration (EFA), a leading independent provider of back and middle office fund administration services, today announced they are joining forces to help European asset managers comply with UCITS IV. As UCITS IV continues to evolve, the introduction of Key Investor Information Document (KIID) is placing more stringent reporting requirements on the industry. The new Lipper-EFA KIID Premium Solution is a comprehensive, fully integrated and high quality KIID publication and management service that brings together Lipper’s depth of experience in fund data management and analysis with EFA’s expertise in producing regulatory financial reports.

Unlike existing factsheets, the KIID is a regulatory document that necessitates high quality content, weekly monitoring of risk and assurance that the document remains compliant over its life-time. The Lipper-EFA KIID Premium Solution is a fully integrated KIID production and distribution service requiring minimum effort from the asset manager to comply with the new UCITS requirements. Lipper will provide the required data and calculations necessary for the set-up and ongoing monitoring of the KIID. EFA will manage the production and publication of the KIIDs including assistance and advice in setting up the document, validation and monitoring, high quality translation, document storage and distribution through different sales channels.

Hugues Gillibert, Head of New Ventures, Lipper, comments, “As the European asset management community struggles to comply with UCITS IV and its ever-evolving requirements, Lipper and EFA are a natural fit to come together to provide the industry with a full service solution that enables them to respond confidently and with minimum extra effort to comply with KIID.”

John Glesener, Product & Strategic Development Director, European Fund Administration, declared: “In addition to EFA’s proprietary comprehensive KIID solution that we provide to our administration clients, ranging from data calculation to the full KIID publication, we are delighted to bring our KIID production capabilities into this innovative venture with Lipper. The joint service offering is a unique opportunity to provide the Asset Management community and especially Lipper customers with a true specialised and standalone solution.”