In development
Riverwood is building automated production, review and lifecycle of PRIIPs Key Information Documents for investment funds and the advisers who support them.
Every number, back to its source.
We produce, review and maintain KIDs for investment funds. Every document comes with the method and the calculations behind it, so your team can show where each figure comes from.
A new KID for a fund or share class, built on your confirmed inputs and the applicable PRIIPs method.
A defined check of an existing KID, including KIDs made by others, with clear findings and limits.
Annual review and controlled updates when something changes, without starting from zero.
Before a covered product is made available to retail investors, its manufacturer must prepare and publish a KID. The obligation reaches beyond the document to its calculations, its review and the procedures behind it.
Supervisors look at more than the finished PDF. They ask how the figures were calculated, who is responsible, and how the document is kept up to date when facts change.
Revised documents, calculations or procedures.
Sanctions under the applicable national framework.
The responsible party and the infringement may be named.
Marketing may be suspended or prohibited in relevant cases.
Legal basis: PRIIPs Regulation, Articles 22-29. Measures depend on the circumstances; there is no standard penalty for every KID error.
Riverwood brings production, calculation evidence and ongoing control into one repeatable process. That means better documentation, not a guarantee against supervisory findings.
Your team needs to complete the document and explain the numbers. An adviser needs to do the same across clients, without rebuilding the process each time.
Product terms, costs and method-specific data need one clear, confirmed basis.
The document, the method and the calculations must reflect the same assumptions.
Someone else should be able to find the source, follow the calculation and see the checks.
When something changes, reuse the established profile and evidence instead of reconstructing it.
Start with one task and build from there. Each engagement has an agreed scope, and fees are agreed before work starts.
Single documents and their ongoing control.
A new KID for a fund or share class, built on your confirmed inputs.
Discuss a new KIDAn agreed-scope check of an existing KID, including KIDs produced by others.
Discuss a reviewOne arrangement for managers, administrators and advisers.
Lifecycle for a group of KIDs under one agreement, with a shared portal.
Discuss a portfolioFor managers who expect several new KIDs during the year.
A consistent review of many existing KIDs at once.
Built on the same data and production core. Availability will be confirmed.
For authorised managers with the AIFMD II annual cost disclosure to investors.
Standard data files for funds distributed through banks and platforms.
A consistency check of marketing material against the KID.
Ongoing comparison of costs, risk and scenarios with relevant peer groups, for a fund, a manager or an adviser.
KID production and maintenance for UCITS funds, starting in the Nordic markets.
Scope first. Tell us the product, country, number of KIDs and timing, and we will propose a scope.
Discuss your KID workflowOne automated production and lifecycle platform, not a manual KID bureau. The same calculation run drives the document, the method and the evidence behind it.
Confirm the product, terms and required data. Check completeness and method fit.
Use the supported methodology and its approved, versioned rules.
Run deterministic calculations and automated checks. Route exceptions for review.
Generate four linked outputs and record the release and the next review.
One input version. One calculation run. One coherent package. A correction creates a new linked version, not a new KID with an old calculation sheet.
The publication-ready document for the supported profile and agreed language.
The regulatory basis, method profile, version and relevant choices.
Inputs, sources, intermediate results and test outcomes.
Release status, customer actions, lifecycle triggers and the next review.
Traceability is a design principle, not an attachment at the end. Every released figure should lead back to authorised inputs, the method used, intermediate calculations and the checks performed.
Authorised customer inputs and what each source means.
The exact data used for this profile.
The applicable rule and methodology version.
Intermediate results, units and rounding.
Test outcomes and the linked document package.
Research, extraction, classification, exception detection and explanation. AI helps organise information and shows where attention is needed.
Regulatory calculations, method selection and release criteria are reproducible and auditable. The same approved inputs and rule version give the same result.
Role-based access, least privilege, encryption and separate development, test and production environments.
Client inputs and calculations do not become shared peer data or model-training material. Each use needs its own authorisation.
Reference calculations, validated test cases and regression tests. Critical failures block release; corrections keep a traceable history.
These are planned controls, to be validated before production. Riverwood does not claim regulatory approval or ISO/SOC certification. The product manufacturer’s regulatory responsibility remains in place.
PRIIPs review rules require an assessment at least every 12 months and whenever relevant changes arise. A review and a new document are different events.
A control result has value, even when the figures stay the same.
Review guidance: CSSF, 28 May 2024 and the Danish FSA. Rules: PRIIPs RTS.
Validate the supported profile, inputs and initial control evidence.
Track relevant input and rule changes, review dates and agreed thresholds.
Reuse the method and record what was checked, what changed and what needs action.
Link any new release to its earlier basis and set the next control point.
For law firms, compliance specialists, administrators and audit practices that support many funds. Apply one maintained method and control framework across clients, while each client’s inputs, responsibilities and evidence stay separate.
Discuss a multi-client workflowA centrally maintained, versioned method library reduces repeated rule and calculation work.
Separate client access, controlled inputs and version-specific evidence.
Spend professional time on client-specific judgements, sample checks and exceptions, not routine production.
The underlying fund data and document history support plausibility checks and a planned peer-analysis service. Peer data never replaces prescribed regulatory calculations, and private customer inputs are not shared market data.
The European fund landscape puts the task in perspective. Our route is focused: supported KID profiles, paying fund customers and repeatable adviser workflows, country by country.
All fund types, not only funds that need a KID. EFAMA, Q3 2025.
A broad industry reference, not a count of prospective customers. EFAMA.
53 authorised, 230 registered and 9 EuVECA, managing 1,277 alternative investment funds. Danish FSA register, 4 August 2026.
Validate review and production with funds and advisers.
Repeat the workflow in Sweden, Norway and Finland with local packages.
Open further markets as method, data, legal and distribution requirements are met.
Among 67 registered managers reviewed, 31 had publicly identified KIDs, with 109 documents found. A separate sample of 20 authorised managers found 149 KIDs at 13 of them.
These are founder observations, not a census. Documents may be different languages, share classes or historical versions, and are not counts of customers or orders.
Clear scope is part of a credible production process.
Riverwood is in development. Conversations about scoped reviews, paid pilots and future production are welcome. A pilot or limited review is not the same as a fully launched platform; each engagement depends on agreed scope, method fit and readiness.
No. The requirement depends on the product and its investors and distribution, not simply a manager’s registration. Our initial scope also depends on supported methods and the necessary inputs. Read the Danish FSA guidance.
Not from a PDF alone. A document review can assess the visible information and its consistency. Checking a method or reproducing a calculation requires the relevant source data and assumptions. The agreed evidence level and any untested areas are stated explicitly.
The product manufacturer keeps its regulatory responsibility and approves and publishes the KID. Responsibilities for inputs, publication and corrections are agreed explicitly. A review is a control, not a legal opinion or a guarantee against supervisory findings.
Not automatically. Private client inputs and calculations are kept apart from common market and peer data. Any shared use or model-training use needs its own authorised basis and purpose.
Your organisation, product type, distribution country, approximate number of KIDs and the next KID or review deadline. A link to a public KID helps define the task. Please do not send confidential inputs before a data-sharing arrangement is agreed.
A document to review. A product to launch. A portfolio to maintain. Choose a starting point and your email application opens with a short template.
info@riverwoodfinance.com Contact links open a draft in your email application. Nothing is sent automatically. Please do not include confidential fund inputs before a suitable data-sharing arrangement is agreed.