What is a Supplementary information document?

What is a Supplementary information document?

The KIID and SID are documents which contain important investor information that should be read carefully and understood prior to investing so that you can make an informed decision about whether to invest.

What is a KIID document?

The KIID is a two-page ‘fact-sheet’ style document which includes the critical information about a fund. The document aims to help investors understand the nature and key risks of the fund in order to make a more informed investment decision. On 1 July 2012, the KIID replaced the Simplified Prospectus.

What must be in a KIID?

The document must contain the following sections: o The funds objective and investment policy o Charges information o Up to 10 years of past performance history o Risk reward profile (includes the KIID risk rating) o Practical information such as the contact details of the fund house and important notes.

What is the difference between kid and Kiid?

Simply put, KID is a simplified version of KIID. Both KIID and KIDs (Key Information Documents) are documents designed to help investors to understand investment products behaviour and support comparison with other similar investment products.

What is Sid investment?

Supplementary Information Document (SID): This document provides practical information, such as how to make investments with Triodos Bank, how to set up a stocks and shares ISA, charges on the fund and the on-going management of your stock.

What is UCITS KIID?

The UCITS IV Directive sets out the framework for the KIID, a stand-alone, pre-contractual, 2-page document containing the essential features of the fund and is to be systematically provided to investors before they decide to invest.

Does an AIF need a KIID?

Fully licensed AIFMs that market AIFs under the retail “top up” regimes and for UCITS managers will benefit from a transitional regime, requiring them to present the KIID only after 31 December 2019, as their current key investor information will remain valid until that date.

Are UCITS funds PRIIPs?

Following the Council’s recent approval, the co-legislators confirmed that funds already producing a UCITS Key Investor Information Document (KIID) will now have until 31 December 2022 to produce a PRIIP Key Information Document (KID).

What is SAI and Sid?

There are 3 important documents: Key Information Memorandum (KIM), Scheme Information Document (SID) and Statement of Additional Information (SAI). These are prepared by the Asset Management Company (AMC) about a particular scheme, and submitted to the Securities and Exchange Board of India (SEBI) for approval.

What is a statement of additional information?

Conveys information about an open or closed-end fund that some investors find useful. Funds are not required to provide investors with the SAI, but they must provide it for free upon request. Also known as “Part B” of the fund’s registration statement.

When should I update my Kiid?

KIIDs must be updated within 35 business days of 31 December each year.

What is PRIIPs regulation?

The PRIIPs Regulation is the first to deal with pre-contractual information in the form of key information documents (KIDs). These documents have to be provided by those producing or selling investment products to consumers.