PRIIPs · Regulation (EU) 1286/2014 · Delegated Regulation 2017/653
Every KID looks compliant. One in five isn't.
In July 2026 we audited 112 Key Information Documents published on manufacturers' own websites, across six languages and ~30 issuers. 9% breached the mandated template outright. Another 12% carried warnings — stale review dates, altered prescribed wording, pages over the legal limit. kidcheck finds these before a supervisor, or a claimant, does.
Pilot: send us five KIDs, get the full findings within 48 hours. Free.
Findings · from live public documents, July 2026
These documents are on issuers' websites right now.
Every finding below was verified by hand against the document text before we counted it. Names available to pilot participants.
Mandatory sections spill onto a fourth page in 4 of 12 certificates sampled from one issuer. Structured products · major French bank · four ISINs, German-language KIDs
The prescribed purpose statement rewritten — "required by law" became "required by the PRIIPs Regulation" — across an issuance programme, in two languages. Structured products · global US bank · English and Italian KIDs
A flagship retail fund's KID served 32 months after its production date. Ten more documents in the sample were past the twelve-month review window. Funds & insurance products · German and Italian manufacturers
A leading index manager's public EPT feed reports management costs of 0.19%; the July KIDs say 0.14%. Every distributor consuming that feed is quoting clients stale costs — consistently, in four languages. UCITS ETFs · PDF vs FinDatEx EPT V2.1 reconciliation
Method
Forty checks, three layers deep.
Most tools generate KIDs. kidcheck reads the ones you've already published — the way a supervisor's screening does, then two layers further.
Prescribed form
Mandated headings in the prescribed order and official wording — in English, German, French, Italian, Spanish and Dutch. Three-page A4 limit. Comprehension alert. Risk-indicator display, scenario labels, review dates, prohibited disclaimers.
Hardened against real-world PDFs: lost spaces, overprinted bold glyphs, split table rows — the extraction traps that make naive checkers cry wolf.
Numbers that add up
Do entry, exit, ongoing and incidental costs sum to the stated total? Does the annual cost impact reconcile with the figures shown? Conditional exit costs and sub-year holding periods handled — so a flag means a finding, not a false alarm.
The ESAs found inconsistent cost tables in 25% of fund KIDs. We check yours before they do.
PDF vs. EPT
Fifteen reconciliation checks of the published document against the FinDatEx
EPT data feed behind it — 01090_SRI, the holding period, every
cost row, the four performance scenarios, publication dates.
The document your investors read and the data your distributors consume — verified to be the same product.
Who it serves
Built for the people who carry the liability.
Manufacturers
A pre-publication gate for every new KID, and dated evidence for the annual review obligation. Article 11 gives investors a direct damages claim for a defective KID — remediate before the letter arrives.
Distributors & platforms
You host thousands of manufacturers' KIDs and serve them to retail clients. Verify what you publish, reconcile the EPT feeds you consume, and catch the stale ones — like the fee change we found that never reached the feed.
Compliance & counsel
A findings report per document, referenced to the Delegated Regulation article each check enforces. Evidence for supervisors, boards, and product-approval committees — in minutes, not billable weeks.
Pilot programme
Run your documents before someone else does.
Any language, any product type. Full findings, free, confidential. If we find nothing, that's your evidence of a clean shelf.
Request pilot access or write to hello@kidcheck.eu