Under the mandate, RBC will offer services that include fund accounting, custody and financial reporting.
RBC said that intended at offering investors with an overview of the key features and risk profile of all UCITS investment products, the KIID must be filed with the local supervisory authority by 1 July 2012.
RBC Dexia head of global fund products David Dibben said that the new mandate shows the quality of our the company’s KIID solution, and strengthens its relationship with Impax Asset Management.
"As the implementation deadline for the KIID approaches, fund managers increasingly understand that selecting the right partner with the best solutions means they can focus on their core business and meet the new regulatory requirements in a cost-efficient way," Dibben said.
