On 1 January 2026, the long-awaited transition of UCITS funds to the PRIIPs KID framework officially took effect. With that, the exemption allowing UCITS funds to continue using the UCITS KIID came to an end. For fund managers distributing to retail investors, the familiar KIID gave way to the PRIIPs Key Information Document.
For many in the market, this date marked the end of a regulatory transition. For our team and our clients, it marked the finish line of a project that had been in motion for months.
The work started well ahead of the deadline. One of the first priorities was historical data: identifying gaps, sourcing additional series and making sure the required data was available in time for calculation and testing. Compared with the UCITS KIID, the PRIIPs methodology relies on longer historical datasets, so getting that foundation right early was critical.
Once the data groundwork was in place, our engineering team focused on the analytical side. Performance scenarios in particular required extensive interpretation, iteration and testing. The legal framework is detailed, and translating it into reliable calculations meant working through methodology questions, validating results and comparing outputs with clients and external stakeholders. These scenarios were tested repeatedly until the numbers were clear, robust and operationally ready.
The transition also expanded the scope of what we deliver. Alongside ongoing KID production, we introduced support for pre-launch PRIIPs KIDs for new funds and share classes. These documents need to be prepared before launch and contain significantly more analytical content than the former UCITS KIID. Producing them reliably depends on the same calculation engine and infrastructure used for regular PRIIPs reporting, which made the transition a natural extension of our platform.
Looking back, what stands out most is how collaborative the project was. Regulatory interpretation, analytics, engineering and operational rollout all had to move in step—and they did. Thanks to the focus and commitment of our team, and the close cooperation with our clients, the transition went live successfully and clients are now fully set up for this next phase of PRIIPs reporting.
A big thank you to everyone involved for the hard work, precision and teamwork that made it happen.