UCITS KIIDs vs. PRIIP-KIDs

Differences and similarities

A comparison of the similarities and differences between UCITS-KIIDs and PRIIP-KIDs clarifies what will change as a result of the PRIIPs Regulation 2022 in terms of content and disclosure requirements in the transition from UCITS/UCITS-KIIDs to PRIIP-KIDs.

UCITS-KIIDs	PRIIP-KIDs
Format
2 pages 5 sections	3 pages 7 sections
Performance Evaluation
past performance (ex post)	future-related (ex ante) Calculation of 4 different projected future scenarios over at least 3 time intervals: favourable, neutral, unfavourable, stress
Risk Evaluation
SRRI ("Synthetic Risc and Reward Indicator")	SRI ("Summary Risc Indicator"), berechnet aus: MRM ("Market Risc Measure") CRM ("Credit Risc Measure")
Costs and Fees
Presentation of actual costs, based on historical values	Presentation of current and actual expected costs based on several different cost types (initial costs, transaction costs, etc.)
Update
Annual update at the beginning of a calendar year	Ongoing update in case of changes in content, data or indicators, at least every 12 months

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UCITS KIIDs vs. PRIIP-KIDs

Differences and similarities

UCITS-KIIDs

PRIIP-KIDs

Format

Performance Evaluation

Risk Evaluation

Costs and Fees

Update