Memo Bank partners with Spiko to offer money market funds to its customers
Memo Bank, the independent bank for French SMEs and mid-cap companies, announces a strategic partnership with Spiko to expand its treasury management solutions.
The Key Information Document (KID): An Essential Guide for Investors
Established by the European PRIIPs (Packaged Retail Investment and Insurance-based Products) regulation, the KID has been mandatory since January 1, 2023 for all collective investments and packaged investment products. It replaces the former KIID (Key Investor Information Document) and aims to standardize the presentation of financial information across the European Union.
The KID is presented as a standardized document of maximum three pages, structured around several standardized sections:
The KID plays a key role in investor protection by providing clear and objective information before subscribing to an investment. It helps avoid uninformed decisions and misleading commercial practices, while ensuring a better understanding of complex financial products.
The KID must be updated at least once a year and revised in case of major changes to any of its elements, such as a significant change in fees or a modification of the risk indicator.
Available online on the websites of management companies and financial institutions, it can also be requested free of charge in paper or electronic format from investment advisors.
The Key Information Document is an essential tool for any investor wishing to thoroughly understand the characteristics and risks of their investment. Thanks to its standardized presentation, it facilitates informed decision-making.
To better understand the world of cash management, explore our blog!