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27 June 2011
Paris
Reporter Justin Lawson

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Societe Generale and the multilingual KIID

Societe Generale Securities Services (SGSS) can now take charge of the Key Investor Information Document (KIID) and produce it in every European language, thus completing the KIID service offering it launched for asset managers in November 2010.

The SGSS offering, which is completely modular, is centred around the services described below and allows its asset management clients to select from among all the services on offer, from SGSS handling parts of the process to it managing the entire preparation and distribution of the KIID.

The SGSS KIID offering, which has already been adopted by large asset managers, includes the following services :
creation of content, such as drafting the investment policy in everyday language,
calculating the different indicators, such as the risk indicator, the presentation of past performance or calculating management fees,
managing the compilation and distribution of the KIID in every European language: the documents are prepared by experienced teams involving asset servicing, legal, graphics, translation, quality control and distribution, via a strong technical platform capable of handling substantial volumes.


This service offering allows asset managers to respond to the UCITS IV Directive and its applicative texts which require the replacement of the Simplified Prospectus by the KIID on 1st July 2011. This document, written in the language of the country of sale, will allow investors to obtain standardised and summarised information about the main characteristics of UCITS funds.

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