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. In order to facilate compliance with the MIFID II/SFDR Level 1 requirements, the FinDatEx-platform provides an interim version 3.1. of the EMT for common use since 12 February 2021, which contains 4 new fields for collecting ESG data. More details are available on FinDatEx.
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. The EMT version 3.0 is already mandatory since 10 December 2020. The interim version 3.1. will now exist in parallel until FinDatEx creates a final new version 3.1 of the EMT based on the relevant legislation.
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.