Compliance reporting

MIFID II / EMT

The EU’s Markets in Financial Instruments Directive (MiFID II) instructs financial firms to publish detailed information on the costs and target market of financial products and services.

The European MiFID Template (EMT) was created to facilitate the publication of MiFID II-relevant fund data by fund manager distributions teams. The use of the EMT is not compulsory but it has been established as the main way of exchanging fund data. From December 2020 onwards, version 3.0 of the EMT must be used.

what this means for your reporting

Given the wide market adoption of the EMT, fund managers ought to be in the position to publish their MiFID II-relevant data in this format. By 10 December 2020 they must have switched over to version 3.0.

Furthermore, MiFID II imposes extensive requirements relating to data management, calculations and report creation. To avoid an unnecessarily high workload a technology and service solution must be found that can build on synergies with PRIIPs and other report types.

our solution: arep MiFID / EMT

The arep platform and our managed services automate the end-to-end process of MiFID report creation for all relevant templates and platform interfaces. This could also be combined with your PRIIPs EPT reporting (please refer to our arep module for PRIIPs KID / UCITS KIID and PRIIPs EPT).

flexible data management

flexible collection and validation of raw data from administrators, internal systems and EMT look-through platforms
market data (arrival prices, basis points) sourced from providers such as Refinitiv, IHS Markit and WM Daten and a waterfall principle is applied
validation of your data using a multi-layered verification procedure
management of your target market data
continuous monitoring of all processes via the arep dashboard
ongoing monitoring of results with an alert function that lets you know when action is required

complete risk, performance and cost calculations

integrated transaction cost calculations

correct creation of the exchange data

comprehensive distribution functionality

what’s special about the arep solution

arep is the established platform for the efficient automation of virtually all current EU and UK fund reporting templates and formats (PRIIPs EPT, MiFID II EMT, CTI, DCPT, AIFMD, Solvency II etc.)
Using a single integrated and transparent platform to manage data, perform calculations and create and distribute EMTs increases the efficiency of all processes.
The modular arep system can be used immediately. It is operated in our certified data center in Luxembourg and does not require any additional IT infrastructure thanks to the browser-based user interface and a central Oracle database.
Rapid implementation and a comprehensive support service ensure all regulatory and client specific requirements are met — whether you operate arep yourself or outsource the entire process to acarda.
Highly automated data management and report creation reduce the time and money you have to invest.
The web-based arep dashboard guarantees full transparency over the entire reporting process.
Throughout the reporting process you will have access to extensive support and consulting services.
By choosing our optional Business Service you could outsource the entire process to acarda.
Service Level Agreement: How our Software as a Service works can be configured according to your needs. You pay only for the service you use and on the basis of a contractual agreement.