SIX Financial Information, in close consultation with the industry, has set up a platform to help with the exchange of regulatory data and documents between wealth managers, assets managers, banks and other market participants.

From 3 January 2018 onwards, financial institutions located anywhere in the world that sell retail investment products to investors domiciled in the European Union must comply with several "investor protection" regulations including PRIIPs, MiFID II and UCITS. Firms will have a new duty to exchange data and information about the content and sales of retail investment products, as well as create and issue regulatory documents such as PRIIPs-KIDs.
 
The new platform underpins SIX’s existing MiFID II data offering and PRIIP document generation and distribution services, making them easier to consume. It hopes that relationship managers will use the interface to interact with the product issuers whose products they sell and make sure that they are offering products that match their clients' profiles. SIX also hopes that the platform will make it easier for banks to automate their internal processes and set up "two-way connections and feedback loops between the buy-side and sell-side."
 
Since the same data points are often required in different levels of granularity for different regulations, the platform also acts as a central source for "investor protection" data. Product data, information and documents can be structured and exchanged in real-time in a standardised way.