Changelog openfunds Fields Version 1.21 Final

General Notes

Version 1.21 FINAL mainly contains fields necessary for MiFID II and PRIIPs regulation. Further it includes some improvements of already existing fields. Further details may be found below. Please consult the following White Paper for more information about major and minor releases “Version Management”.

 

New fields

The following new fields have been included into the openfunds standard.

  • OFST024021 EMT Reference Date
  • OFST451300 PRIIPS Subscription Fee In Favour Of Fund
  • OFST451430 PRIIPS Redemption Fee In Favour Of Fund At RHP
  • OFST451431 PRIIPS Redemption Fee In Favour Of Fund At 1 Year
  • OFST451432 PRIIPS Redemption Fee In Favour Of Fund At Half RHP
  • OFST452145 Transaction Costs
  • OFST452160 Incidential Costs
  • OFST452202 PRIIPS Other Ongoing Costs
  • OFST452222 PRIIPS Other Ongoing Costs Date
  • OFST452204 MiFID Ongoing Charges
  • OFST452224 MiFID Ongoing Charges Date
  • OFST460140 PRIIP One-off Sliding Exit Cost Indicator
  • OFST460190 1Y Total Costs
  • OFST460192 Half RHP Total Costs
  • OFST460193 RHP Total Costs

 

No Longer Supported Fields

Please note the following fields require action.

    None.

 

Major Field Changes

Please note the following fields require action.

  • OFST405521 Subscription Trade Cycle Period: Added “combined” into Values
  • OFST425561 Redemption Trade Cycle Period: Added “combined” into Values
  • OFST100124 Eligible For Execution Only Distribution: Removed values “yes” / “no” / “neutral”, only values of new EMT version are now available
  • OFST100126 Eligible For Execution Only With Appropriateness Test: Removed values “yes” / “no” / “neutral”, only values of new EMT version are now available
  • OFST100128 Eligible For Advised Retail Distribution: Removed values “yes” / “no” / “neutral”, only values of new EMT version are now available
  • OFST100132 Eligible For Portfolio Management: Removed values “yes” / “no” / “neutral”, only values of new EMT version are now available

 

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.

  • OFDY023160 Ex-post Ongoing Charges As Percentage: Changed Field Name from “Ex-post Other Ongoing Costs As Percentage” (old) to “Ex-post Ongoing Charges As Percentage” (new)
  • OFDY023163 Ex-post Ongoing Charges Period Start: Changed Field Name from “Ex-post Other Ongoing Costs Period Start” (old) to “Ex-post Ongoing Charges Period Start” (new)
  • OFDY023164 Ex-post Ongoing Charges Period End: Changed Field Name from “Ex-post Other Ongoing Costs Period End” (old) to “Ex-post Ongoing Charges Period End” (new)
  • OFST010225 Capital Preservation Period: Corrected typo in Description. Changed the translation value of ‘twice a month’ from 26 (old) to 24 (new) as described in the EPT.
  • OFST160040 Type Of EU Directive: Added field reference to EMT field “00060_Financial_Instrument_Legal_Structure”
  • OFST160150 Home Country Legal Type Of Fund: Removed field reference from EMT field “00060_Financial_Instrument_Legal_Struture”
  • OFST020300 Valuation Frequency: Corrected typo in Description. Changed the translation value of ‘twice a month’ from 26 (old) to 24 (new) as described in the EPT.
  • OFST024020 PRIIP Reference Date: Removed field reference to EMT “00050_Reporting_Date” and field tags “MiFID II data” & “EMT”
  • OFST024038 PRIIP VEV: Included natural logarithm into formula of VEV within Description. Included Example
  • OFST450995 Exit Cost Description: Removed field reference to EPT field “03050_One_off_costs_Portfolio_sliding_exit_cost_Indicator”
  • OFST451000 Has PRIIPS Performance Fee: Changed Field Name from “Has Performance Fee” (old) to “Has PRIIPS Performance Fee” (new). Deleted ‘MiFID II’ tag
  • OFST451005 PRIIPS Performance Fee Description: Changed Field Name from “Performance Fee Description” (old) to “”PRIIPS Performance Fee Description” (new)
  • OFST451020 PRIIPS Performance Fee: Changed Field Name from “Performance Fee Applied” (old) to “PRIIPS Performance Fee” (new) and removed field reference to EMT field “07140_Financial_Instrument_Incidental_costs_ex_ante”
  • OFST451420 Redemption Fee Maximum: Removed reference to EPT field “03020_One_off_costs_Portfolio_exit_cost_at_RHP”
  • OFST452140 Portfolio Transaction Costs: Changed Field Name from “Transaction Costs” (old) to “Portfolio Transaction Costs” (new)
  • OFST452150 PRIIPS Carried Interest: Changed Field Name from “Carried Interest” (old) to “PRIIPS Carried Interest” (new)
  • OFST452155 PRIIPS Carried Interest Description: Changed Field Name from “Carried Interest Description” (old) to “PRIIPS Carried Interest Description” (new)
  • OFST452000 Management Fee Applied: Removed one of the two field references to EPT (removed: “05050_Ongoing_costs_Portfolio_other_costs_UCITS”)
  • OFST452200 Ongoing Charges: Enhanced Description referencing to UCITS and switched reference to EPT field from “03060_Ongoing_costs_Portfolio_other_costs” (removed) to “05050_Ongoing_cost_Portfolio_other_costs_UCITS” (added); removed field reference to EMT “07100_Financial_Instrument_Ongoing_costs” and field tags “MiFID II data” & “EMT”
  • OFST452220 Ongoing Charges Date: Adjusted Field Description and removed field tag “MiFID II data”
  • OFST460175 Has PRIIPS Carried Interest: Changed Field Name from “Has Carried Interest” (old) to “Has PRIIPS Carried Interest” (new). Deleted ‘MiFID II’ tag
  • OFST900086 Latest Ex-post Ongoing Charges As Percentage: Changed Field Name from “Latest Ex-post Other Ongoing Costs As Percentage” (old) to “Latest Ex-post Ongoing Charges As Percentage” (new)
  • OFST900087 Latest Ex-post Ongoing Charges Period Start: Changed Field Name from “Latest Ex-post Other Ongoing Costs Period Start” (old) to “Latest Ex-post Ongoing Charges Period Start” (new)
  • OFST900088 Latest Ex-post Ongoing Charges Period End: Changed Field Name from “Latest Ex-post Other Ongoing Costs Period End” (old) to “Latest Ex-post Ongoing Charges Period End” (new)
  • OFST900307 UBS Asset Classification: Corrected typo within Values: “Allocataion” (old) to “Allocation” (new)

 

Informative Field Changes

No action required. Typically changes in field descriptions in order to clarify the use or the meaning of an openfunds field.

  • OFDY023150 Ex-post Management Fee Applied As Percentage: Adjusted field reference to EMT.
  • OFST010228 CPPI Multiplier: Adjusted Field Description.
  • OFST024052 PRIIP Return 1Y Unfavourable: Enhanced Example to clarify that it is a percentage figure.
  • OFST024053 PRIIP Return 1Y Moderate: Enhanced Example to clarify that it is a percentage figure.
  • OFST024054 PRIIP Return 1Y Favourable: Enhanced Example to clarify that it is a percentage figure.
  • OFST024067 PRIIP Return Half RHP Unfavourable: Enhanced Example to clarify that it is a percentage figure.
  • OFST024068 PRIIP Return Half RHP Moderate: Corrected Field Example
  • OFST024081 PRIIP Return RHP Stress Scenario: Adjusted field reference to EPT.
  • OFST024084 PRIIP Return RHP Favourable: Adjusted field reference to EPT.
  • OFST400200 Subscription Category: Corrected typo in Field Description
  • OFST451320 Subscription Fee Maximum: Adjusted field reference to EPT.
  • OFST451340 Subscription Fee In Favour Of Fund: Adjusted field reference to EPT.
  • OFST451440 Redemption Fee In Favour Of Fund: Enhanced Example.
  • OFST500020 SCR Market Interest Rate Up: Adjusted Field Description
  • OFST500022 SCR Market Interest Rate Down: Adjusted Field Description
  • OFST500031 SCR Market Equity Type I: Adjusted Field Description
  • OFST500032 SCR Market Equity Type II: Adjusted Field Description
  • OFST500040 SCR Market Property: Adjusted Field Description
  • OFST500045 SCR Market Spread Bonds: Adjusted Field Description
  • OFST500050 SCR Market Spreas Structured: Adjusted Field Description
  • OFST500055 SCR Market Spread Derivatives Up: Adjusted Field Description
  • OFST500056 SCR Market Spread Derivatives Down: Adjusted Field Description
  • OFST500065 SCR Market FX Up: Adjusted Field Description
  • OFST500066 SCR Market FX Down: Adjusted Field Description
  • OFST808100 Is Eligible For Tax Deferred Fund Switch In Spain: Adjusted Field Description as there have to be more than 500 shareholder overall not 500 Spanish shareholders. Also all Spanish domiciled and all FCPs registered in Spain default to ‘yes’.

 

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