PRIIPs compliance engine · Alternative Investment Funds
KID Generation
for Alternative
Investment Funds
The EU PRIIPs Regulation requires every fund marketed to retail investors to publish a Key Information Document. The majority of funds in scope do not yet hold fully compliant documentation. Priqid's compliance engine changes that — producing defensible KIDs, keeping them current with evolving legislation, and providing a complete audit trail ready for regulatory scrutiny.
What makes Priqid different
01
Always compliant
The engine monitors every PRIIPs RTS update from the European Supervisory Authorities. When regulation changes, the engine reflects it — and all KIDs are flagged for review.
Annual KID updates are a legal requirement. The engine ensures none are missed.
02
Fully defensible
Every KID is accompanied by a complete methodology and defence document. Every calculation references the specific PRIIPs RTS article from which it derives — no black box, full auditability.
When a regulator asks, "our consultant did it" is not a sufficient answer.
03
Proprietary benchmark data
Monte Carlo simulations are calibrated from Priqid's proprietary benchmark data — not generic indices — producing performance scenarios that reflect each fund's actual risk profile.
Benchmark quality determines the credibility of your scenarios under scrutiny.
The compliance gap
Having a KID is not sufficient.
A fully compliant KID is what matters.
Regulators do not only verify that a document exists. They assess whether the methodology is defensible — whether the benchmarks are appropriate, whether the calculations are traceable, and whether the document reflects current regulation.
Inadequate benchmark selection
Many funds use generic or poorly matched indices. Benchmark quality directly determines the credibility of performance scenarios — and regulators scrutinise this closely.
No audit trail
When a regulator requests an explanation of how the SRI or RIY was calculated, a reference to an external consultant is not an adequate response. A traceable, documented methodology is required.
Outdated documentation
KIDs must be updated at least annually and upon any material change to fund data. Many funds do not meet this requirement. That is a breach — not an administrative oversight.
Priqid vs. traditional providers
A consultancy delivers a document.
Priqid delivers ongoing compliance.
The consultancy-led approach produces a point-in-time document. It does not monitor regulation, does not update KIDs, and does not provide the methodological transparency regulators increasingly require.
Point-in-time KID production
Purpose-built compliance engine
How it works
From fund data to compliant KID
in three steps.
Priqid's calculation engine handles every step — from benchmark selection and Monte Carlo simulation through to formatted PDF output and ongoing compliance monitoring.
Enter fund parameters
Fund structure, costs, benchmark, and cash flow assumptions are entered once. The engine validates completeness against PRIIPs requirements and selects the appropriate proprietary benchmark data for the fund type.
The calculation engine runs
10,000 Monte Carlo simulations, RIY cost disclosure, SRI risk scoring, and performance scenarios — all computed in accordance with the PRIIPs RTS methodology. A full methodology and defence file is generated in parallel.
Publish — and the engine monitors
The publication-ready KID PDF and defence document are available for immediate use. The compliance engine continues to monitor all KIDs — tracking regulation changes, flagging required updates, and maintaining compliance on an ongoing basis.
Get started with Priqid
Fund compliance should not depend on when a consultant was last engaged.
Priqid's compliance engine produces defensible, regulation-ready KID documentation for your fund — and maintains it as regulation evolves.