From PRIIPs to UK CCI: Building Your Operational Readiness Plan

How to approach the operational transition from PRIIPs and UCITS KIIDs to UK CCI product summaries. Covering data, workflows, calculation engine, and distribution.

Get your data house in order first

Data quality is where most firms hit their first obstacle. The UK CCI rules, as with any regulatory framework, demands validated, auditable data at every production stage.

Common pain points:

Multiple sources with inconsistent formats

Manual data entry introducing errors and version control problems

Poor audit trails that undermine regulatory defensibility

The fix: centralise data collection, run automated validation, and maintain a golden source feeding all regulatory document production. For firms already leveraging our technology for KIID or KID production, much of the required data is already there. This significantly shortens onboarding.

Automate the UK CCI production lifecycle

Producing Product Summaries at scale demands automation across the full lifecycle:

Data-driven document drafting with embedded regulatory logic

Multi-stage review and compliance sign-off with alerts and dashboards

Automated dissemination on approval

When fund-level data updates, it cascades to all share class documents automatically. Audit trails and change tracking should be built in.

Prepare for the calculation rebuild

CCI changes how costs, risk, and performance are calculated. Three areas to plan for:

The score differences between old and new regimes will need clear communication to advisers and investors.

Risk: Assessed over 10 years using weekly or monthly returns. COVID period is now in scope for most funds.

Costs: Four separate categories, each shown as % and GBP. Transaction costs use a 36-month average of explicit costs only.

Performance fees should show an illustrative example, not ex-post rate or multi-year average.

Performance: Line graph on £10,000 investment, at least monthly data points, net of charges, with an appropriate benchmark.

Plan distribution alongside production

Producing compliant documents is half the challenge. Product Summaries need to reach platforms, distributors, wealth managers, and IFAs — and in a machine-readable format the industry is still defining.

Build distribution into your implementation plan from the start, not as an afterthought.

The template question: build, adapt, or adopt?

With no prescribed template, firms face three options: design from scratch, adapt an existing KIID/KID, or start from a provider’s standard template.

Most firms are leaning towards starting with a template and refining over time. Given the compressed timeline, this is pragmatic — there will be opportunities to iterate in future production cycles.

FE fundinfo is ready to support your UK CCI transition

30+ years of regulatory expertise with our proven Nexus end-to-end platform. Contact our specialists to discuss your implementation approach.