Priips Kid Translation
Assisting financial and legal firms extend their message to a global audience.
Communicating to all your clients, in their own language, in a way that makes sense.
Innovating in Translation Management Softwares & Machine Translation.
Mastering the art of PRIIPs KID Translation: best practices for financial institutions
The financial landscape is ever-evolving, and with the introduction of the PRIIPs regulation, financial institutions face the challenge of ensuring transparent communication for retail investors. The Key Information Document (KID), a cornerstone of this regulation, demands precision, clarity, and accessibility. Here, we delve into the best practices for financial institutions navigating the world of PRIIPs KID translation.
Embracing the essence of PRIIPs
The primary goal of PRIIPs KID translation is to provide retail investors with clear, standardised information about investment products. This means institutions must prioritise clarity over complexity, ensure data consistency across all investment products, and regularly update content to reflect product and market changes.
Leveraging professional translation services
While there are numerous translation services available, the intricacies of financial jargon and PRIIPs regulation necessitate a specialised approach. Financial institutions should engage experts who not only possess linguistic skills but also a deep understanding of the regulatory landscape. Avoiding over-reliance on automated tools and emphasising human expertise ensures translations capture both linguistic and cultural nuances.
Peter & Clark: setting the gold standard in PRIIPs KID translation
In the world of PRIIPs KID translation, Peter & Clark emerges as a beacon. Our blend of linguistic prowess, regulatory understanding, and commitment to precision makes us the preferred choice for financial institutions.
Key best practices for institutions:
- Engage specialised translation experts.
- Prioritise human expertise over automation.
- Regularly update KIDs to reflect regulatory and market changes.
- Collaborate with legal teams for compliance assurance.
- Seek continuous training on emerging financial communication trends.
Check out our other resources:
Ask us anything