LONDON, December 2, 2010 /PRNewswire/ -- Equipos Limited has announced the launch of Equipos Coric KIID, a fully automated solution for the production, translation, maintenance and distribution of Key Investor Information Documents. This announcement comes seven months in advance of the July 2011 deadline, set by the UCITS IV standardisation initiative, which requires all investment companies to produce a Key Investor Information Document (KIID), also known as Key Investor Information (KII), for every product sold within European Union member states.
Equipos Coric KIID can generate every KIID in the native language of any country in which an investment product is available. Equipos Coric enables the KIID, which replaces the current Simplified Prospectus, to be updated regularly to ensure accuracy of historic performance data.
"Equipos fully supports UCITS IV standards," said Damian Bryan, Chief Technical Officer at Equipos. "This solution endorses our commitment to present investment clients with clear and concise product information, whatever their native language or physical location."
"Not only have we launched Equipos Coric KIID well ahead of the July 2011 deadline, but we already have KIID solutions in place with key global clients to help them achieve legal compliance in a timely manner," said Alan Hamilton, CEO at Equipos.
Equipos is a leading international supplier of automated client reporting, document management and business process management solutions for institutional and private client investors and wealth managers. Equipos designs, develops and delivers outstanding solutions to industry leaders such as Northern Trust, American Century, Quilter, Bank Julius Bar, Cazenove Capital Management, Hermes Fund Managers, Jupiter Asset Management, LCF Rothschild, Rathbones and Rensburg Sheppards. http://www.equiposgroup.com
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