General Notes
Version 1.22 Final mainly contains new fields necessary for MiFID II and PRIIPs regulation. Further it includes some improvements of already existing fields from version 1.21. Please find more details below.
In case of any questions regarding major and minor releases of openfunds fields, please consult the following White Paper: Version Management.
New fields
The following new fields have been included into the openfunds standard.
- OFST001410 LEI Of Custodian Bank
- OFST010226 Capital Preservation Date
- OFST350005 MiFID Product Category Or Nature: Added new field according to EMT field “00090_Product_Category_or_Nature”.
- OFST350007 MiFID Specifc Investment Need: Added new field according to EMT field “05110_Specific_Investment_Need”.
- OFST350070 Implicit MiFID Compliance
- OFST451419 Has Redemption Fee
- OFST452144 Has Transaction Costs
- OFST452159 Has Incidental Costs
- OFST452190 Has Ongoing Charges
- OFST452203 Has MiFID Ongoing Charges
No Longer Supported Fields
Please note the following fields require action.
-
None.
Major Field Changes
Please note the following fields require action.
- OFST160150 Home Country Legal Type Of Fund: Added additional Value “reserved alternative investment fund (RAIF)” under “Luxembourg”.
Minor Field Changes
Action not necessarily required as it depends on the implementation of openfunds whether an action is required. An example for minor field changes: Enhancements implemented in the openfunds field like the language tag functionality.
- OFST001400 Custodian Bank Name: Added Link Reference to new field “OFST001410 LEI Of Custodian Bank”.
- OFST010225 Capital Preservation Period: Added reference to new field “OFST010226 Capital Preservation Date” into Field Description.
- OFST010670 Is Short: More precise definition.
- OFST024000 SRRI: Updated link to SRRI computation methodology, more precise description regarding the calculation and added German definition of UCITS: Organismen für gemeinsame Anlagen in Wertpapieren (OGAW).
- OFST451420 Redemption Fee Maximum: Added Link Reference to new field “OFST451419 Has Redemption Fee” and ajdusted text of Field Description: “In case there is no redemption fee, please provide “OFST451419 Has Redemption Fee” = “no” and leave this field empty. Otherwise, provide the respective value and fill “OFST451419 Has Redemption Fee” with “yes”.”.
- OFST452140 Portfolio Transaction Costs: Removed MiFID and EMT tag.
- OFST452145 Transaction Costs: Added Link Reference to new field “OFST452144 Has Transaction Costs” and ajdusted text of Field Description: “In case there are no transaction costs, please provide “OFST452144 Has Transaction Costs” = “no” and leave this field empty. Otherwise, provide the respective value and fill “OFST452144 Has Transaction Costs” with “yes”.”.
- OFST452160 Incidental Costs: Added Link Reference to new field “OFST452159 Has Incidental Costs” and ajdusted text of Field Description: “In case there are no incidental costs, please provide “OFST452159 Has Incidental Costs” = “no” and leave this field empty. Otherwise fill this field with “yes”.”.
Informative Field Changes
No action required. Typically changes in field descriptions in order to clarify the use or the meaning of an openfunds field.
- OFST001030 LEI Of ManCo: Corrected Field Description.
- OFST001050 Fund Guarantor: Corrected typo in Values.
- OFST010030 LEI Of Fund: Corrected Field Description.
- OFST010630 Is Leveraged: Corrected Field Description: question mark has been added.
- OFST024011 Has PRIIP Credit Risk: Corrected typo in Field Description “garanteed” (old) to “guaranteed” (new), “exceed” (old) to “exceeds” (new) and “NV” (old) to “NAV” (new).
- OFST100124 Eligible For Execution Only Distribution: Corrected Example.
- OFST100126 Eligible For Execution Only With Appropriateness Test: Corrected Example.
- OFST452001 Management Fee Applied Reference Date: Corrected Example.
- OFST452150 PRIIPS Carried Interest: Corrected typo in Field Description “Incidental” (new) instead of “Incidenctial” (old).
- OFST452200 Ongoing Charges: Ajdusted text of Field Description: “In case there are no ongoing charges, please provide “OFST452190 Has Ongoing Charges” = “no” and leave this field and “OFST452220 Ongoing Charges Date” empty. Otherwise, provide the respective value as well as the ongoing charges date in “OFST452220 Ongoing Charges Date” and fill “OFST452190 Has Ongoing Charges” with “yes”.”.
- OFST452204 MiFID Ongoing Charges: Ajdusted text of Field Description: “In case there are no ongoing charges as described above, please provide “OFST452203 Has MiFID Ongoing Charges” = “no” and leave this field and “OFST452224 MiFID Ongoing Charges Date” empty. Otherwise, provide the respective value as well as the corresponding date in “OFST452224 MiFID Ongoing Charges Date” and fill “OFST452203 Has MiFID Ongoing Charges” with “yes”.”.
- OFST460175 Has PRIIPS Carried Interest: Corrected typo in Field Description “Incidental” (new) instead of “Incidenctial” (old).