Capmatix Regulations
PRIIPs EPT

The EU regulation on packaged retail and insurance-based investment products (PRIIPs) has led to a new requirement for the exchange of PRIIPs data via EPT between fund managers and insurance companies.

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Since 2018, the PRIIPs Regulation obliges insurance companies to provide a PRIIPs Key Information Document (KID) for insurance products including unit-linked and multi-option products (MOPs).

In order to produce the KID, insurance companies require to obtain PRIIPs information from the fund managers of the underlying funds.

The EPT ("European PRIIPs Template") and CEPT (Comfort European PRIIPs Template") are published and maintained by FinDatEx and used as the industry standard for the exchange of PRIIPs data between asset managers and banks to insurers to help them fulfil their PRIIPs regulatory obligations.

The EPT contains fields that are calculated according to PRIIPs regulation standards: risk indicator (SRI), performance scenarios, cost disclosure (RIY) and some additional informative fields.

 

 

The consequences for your reporting


This brings some challenges with regard to data management, classification, calculations, market data collection, report preparation and report distribution.

Fund providers must be able to calculate and transmit their PRIIPs data according to EPT and CEPT standards.

Insurance companies must request, check, evaluate and further process the EPT/CEPT to produce their KIDs.

 

 

Our solution:
Capmatix Regualtions for PRIIPs EPT


The Capmatix Regulations solution for PRIIPs/EPT/CEPT centralises your data management, automates the PRIIPs EPT production flow and minimises your operational efforts and risk.

Data management

Flexible collection of raw data from administrators, own systems and look-through platforms

Collection of market data (arrival prices) from up to six data providers using the "waterfall concept"

Validation of input data via a multi-stage verification process

Management of all product narratives

Continuous monitoring of all processes

Ongoing monitoring of results with an alert function

 

Risk, performance & cost calculation

 

NAV import according to share certificate class, proxy and market indices

Calculation of market risk for all PRIIPs categories

Calculation of performance scenarios for any given holding period

Calculation of costs, total costs and impact on Reduction in Yield according to PRIIPs

 

Calculation of transaction costs

 

PRIIPs-compliant calculation of both historical and current transaction costs on the basis of arrival prices

Optional calculation of transaction costs according to the spreads or new PRIIPS method

 

Creation of exchange data

 

Automated calculation, creation and distribution of data in EPT or CEPT format, as well as in other formats if required (EMT, DCPT, ICT, FVPT, WM Fundinfo / Openfunds)

 

Comprehensive distribution functionality

 

Automated distribution of reports to insurance companies

Automated distribution to regulatory hubs

Do you have any further questions?

We will be in touch with you as soon as possible to answer all your questions.