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EMT – from version 1.0 to 3.0. Get ready with us!

As per the latest MIFiD II guidelines, the European MIFiD Template (EMT) version 3.0 was launched to be produced by manufacturers from December 10, 2019. FinDatEx has provided a period of one year for asset managers to transition from the old EMT to the new version.  This means that, by 10th December 2020, we should be able to produce EMT version 3.0.

Evolution of fields in EMT versions at a glance:

Key changes from v.1.0 to v. 3.0 in a few words:

Impact on EMT fields overall:

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  • Some Conditional fields have been made Mandatory
  • Some fields have undergone a change in name for clarification purposes
  • A reference date should be indicated for each part of the EMT and reflect the period for which the data is applicable

Impact on EMT Static Data section:

  • Information on reporting « producer » is introduced
  • Financial Instrument Product Type has more detailed classifications
  • Share class types are better identified with new flags for performance fee, distribution, or payment of distribution
  • To align better with German market requirements, compliance with MiFID II product government has been added

Impact on EMT Target Market section:

  • ESG is now a dedicated field of Client Objectives & Needs
  • Reference date is date of setup or validation of the Target Market

Impact on Costs & Charges section:

  • Reference date of the data required for ex-post and for ex-ante
  • Borrowing costs should now be disclosed (ex-ante & ex-post)

How do we implement these changes from data collection?

The table shows the new field names, obligation, data nature and the source of data in EMT3.0. The customer is obliged to provide more data points as shown below:

Note that the 4 Mandatory fields must be sourced/provided by the customer: these data points are static data information, most commonly to be provided via back-office fund accounting systems. The new fields, Conditional, Optional and Indicative, must be analysed on by the customer. If no information is provided, these fields will populate as blank in the report.

If you are adopting the AMT – acarda Asset Manager Template (3.1 version), these fields will be mapped to the corresponding AMT fields as listed above. We will manage the fields obligation change as well as the field name changes on the existing fields in new EMT reports.

Output compare:

Let’s get ready together!

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Amended PRIIPs RTS draft: What’s next?

On 21 July, 2020, the European Supervisory Authorities (ESAs) informed the European Commission of the outcome of their review on the Key Information Document (KID) for packaged retail and insurance-based investment products (PRIIPs). The review of the PRIIPs Delegated Regulation pointed out the main issues that had been identified following the October 2019 Consultation Paper, in particular regarding information on risk and performance measures and transaction costs.

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acarda zur SFDR-Regulierung (EU) 2019/2088

Die Umsetzung der EU-Regulierung zur Ausweisung einheitlicher Nachhaltigkeitskennzahlen
von Finanzanlagen schreitet mit schnellen Schritten voran.

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ESMA review letter to the EU Commission on AIFMD

On August 18th, the European Securities and Markets Authority (ESMA) published a letter that was sent to the European Commission (EC) on recommendations to incorporate in the Alternative Investment Fund Managers Directive (AIFMD).
The ESMA and EU national competent authorities have identified areas of improvement to AIFMD. The review provides the base for their recommendations to be enacted.

Mehr

EMT – from version 1.0 to 3.0. Get ready with us!

As per the latest MIFiD II guidelines, the European MIFiD Template (EMT) version 3.0 was launched to be produced by manufacturers from December 10, 2019. FinDatEx has provided a period of one year for asset managers to transition from the old EMT to the new version. This means that, by 10th December 2020, we should be able to produce EMT version 3.0.

Mehr

Amended PRIIPs RTS draft: What’s next?

On 21 July, 2020, the European Supervisory Authorities (ESAs) informed the European Commission of the outcome of their review on the Key Information Document (KID) for packaged retail and insurance-based investment products (PRIIPs). The review of the PRIIPs Delegated Regulation pointed out the main issues that had been identified following the October 2019 Consultation Paper, in particular regarding information on risk and performance measures and transaction costs.

Mehr

acarda zur SFDR-Regulierung (EU) 2019/2088

Die Umsetzung der EU-Regulierung zur Ausweisung einheitlicher Nachhaltigkeitskennzahlen
von Finanzanlagen schreitet mit schnellen Schritten voran.

Mehr

ESMA review letter to the EU Commission on AIFMD

On August 18th, the European Securities and Markets Authority (ESMA) published a letter that was sent to the European Commission (EC) on recommendations to incorporate in the Alternative Investment Fund Managers Directive (AIFMD).
The ESMA and EU national competent authorities have identified areas of improvement to AIFMD. The review provides the base for their recommendations to be enacted.

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RegTech-Marktführer acarda wird Teil der LPA-Gruppe

Das RegTech-Unternehmen acarda, Spezialist für integrierte regulatorische Datenmanagement- und Reporting-Lösungen, ist neues Mitglied der LPA-Gruppe.   

Die Compliance Plattform arep steht hiermit weltweit allen LPA Kunden für die effiziente Abdeckung der regulatorischen Anforderung zur Verfügung.

Fokus ist, die Bereitstellung von transparenten SaaS Lösung und Services für Asset Manager, Depotbanken und Serviceprovider in Europa und Asien. Hierbei unterstützt ein Team von über 400 Mitarbeitern.

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