Open Issues

upcoming version 1.25 DRAFT

Disclaimer

Please note this page is only for pre-informative purposes and not yet final. The new fields and changes of version 1.25 DRAFT are published here. Please note, that this list will grow over time. Until the version is final, this section is set up to work as a discussion platform for new fields or any kind of field changes which have been included or removed from this new version.

Only active members who are logged-in are able to participate in this online discussion. In case you are not an active member but would like to share your feedback and views, kindly contact us at businessoffice@openfunds.org.

Once the version is final it will be published on the website “Fields” under “Actual Fields”. In case you have any questions, please contact us at businessoffice@openfunds.org.


General information about version 1.25

It is planned to address the following topics:

  • Update EMT 1.0 fields to EMT 2.0
  • Add Distributor Oversight Reporting (DOR) fields
  • Add additional Asian fields
  • Add new Belgian fields
  • Add new Great Britain fields
  • Add new Italian fields
  • Add fields regarding the German investment tax act
  • Add Dynamic Fund Manager Data

Version 1.25 is rescheduled for release in March 2019.


DRAFT field list with descriptions

Please consider the following DRAFT version 1.25 as an Excel file with all new , changed and no longer supported fields. Please note that this version is not yet final.

DRAFT versionDRAFT version 1.25 (Excel, 2019-03-15)

If you have any suggestions or feedback on the DRAFT version please contact businessoffice@openfunds.org or as an active member you have the possibility to post a comment.

EMT 2.0 fields

New EMT 2.0 fields

The following new EMT 2.0 fields are intended to be included into the openfunds standard. Please note, that the EMT 2.0 has been endorsed by the EWG only for structured securities. Funds will move directly to EMT 3.0 and work on this version will start in February. Nevertheless openfunds will keep the changes for funds made by the EWG so far and will update it to EMT 3.0, if any changes will be made, as soon as EWG’s work on it is finished.

openfunds Field EMT 2.0 Field
OFST024022 Used EMT Version 00001_EMT_Version
OFST024023 Date Of File Generation 00005_File_Generation_Date_and_Time
OFST024024 Time Of File Generation 00005_File_Generation_Date_and_Time
OFST001021 Email Address Of ManCo 00074_Financial_Instrument_Issuer_Email
OFST450010
MiFID EUSIPA Product Category Or Nature For Structured Securities
00095_Structured_Securities_Product_Category_or_Nature
OFST450000 Is Structured Security 00096_Structured_Securities_Quotation
OFST100001 Is Investor Type Retail 01010_Investor_Type_Retail
OFST100002 Is Investor Type Professional 01020_Investor_Type_Professional
OFST100003
Is Investor Type Eligible Counterparty
01030_Investor_Type_Eligible_Counterparty
OFST450020
Gross One-off Entry Costs For Structured Securities
07020_Gross_One-off_cost_Financial_Instrument_maximum_entry_cost_non_acquired
OFST450030
Net One-off Entry Costs For Structured Securities
07025_Net_One-off_cost_Financial_Instrument_entry_cost
OFST450050
MiFID Ongoing Charges For Structured Securities
07100_Financial_Instrument_Gross_Ongoing_costs
OFST454200 Has Gearing Costs 07135_Financial_Instrument_Gearing_costs_ex_ante
OFST454201 Ex-ante Gearing Costs 07135_Financial_Instrument_Gearing_costs_ex_ante
OFST450054
Ex-ante Incidental Costs For Structured Securities
07140_Financial_Instrument_Incidental_costs_ex_ante
OFST450053
Performance Fee For Structured Securities
07145_Financial_Instrument_Performance_Fee_costs_ex_ante
OFST450052
Ex-ante Reference Value For Structured Securities
07150_Structured_Securities_Reference_Value_ex_ante
OFST451024 EMT Ex-ante Cost Reference Date 07160_Ex_Ante_Costs_Reference_Date
OFDY023012
Ex-post Net One-Off Entry Costs For Structured Securities
08015_Net_One-off_cost_Structured_Securities_entry_cost_ex_post
OFDY023220 Ex-post Gearing Costs 08075_Financial_Instrument_Gearing_costs_ex_post
OFDY023223 Ex-post Gearing Costs Start Period 08075_Financial_Instrument_Gearing_costs_ex_post
OFDY023224 Ex-post Gearing Costs End Period 08075_Financial_Instrument_Gearing_costs_ex_post
OFDY023018 Ex-post Incidental Costs For Structured Securities 08080_Financial_Instrument_Incidental_costs_ex_post
OFDY023019
Ex-post Performance Fee For Structured Securities
08085_Financial_Instrument_Performance_Fee_costs_ex_post
OFDY023170
Ex-post Performance Fee
08085_Financial_Instrument_Performance_Fee_costs_ex_post
OFDY023173
Ex-post Performance Fee Period Start
08090_Beginning_Of_Reference_Period
OFDY023174
Ex-post Performance Fee Period End
08100_End_Of_Reference_Period
OFDY023016
Ex-post Reference Value For Structured Securities
08110_Structured_Securities_Reference_Value_ex_post

Informative EMT 2.0 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: Adjusted Field Description as this field is now also available in the EMT from the European Working Group. Changed Link Reference from OFST001020 ManCo” (old) to “OFST001035 Domicile Of ManCo” (new).
  • OFST010660 Is ETC: Added field number of the EMT in the Field Description and the EMT tag.
  • OFST020400 Share Class Distribution Policy: Adjusted Field Description as this field is now also available in the EMT from the European Working Group.
  • OFST024018 PRIIP Recommended Holding Period: Added new value “Hold To Maturity” and adjusted Field Description as the name and number of the field in EMT changed.
  • OFST024019 Maturity Date: Adjusted Field Description as the EMT field number changed.
  • OFST024021 EMT Reference Date: Adjusted Field Description as the name of the referenced EMT field has changed and added a new EMT field
  • OFST100020 No Ability For Any Capital Loss: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFST100022 Ability For Limited Capital Losses: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFST100024 Ability For Total Capital Loss: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFST100026 Ability For Losses Beyond Capital: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFST100040 Return Profile Preservation: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFST100042 Return Profile Growth: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFST100044 Return Profile Income: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFST100046 Return Profile Hedging For Structured Securities: This field is intended for structured securities with EMT 2.0. Therefore, the field name has changed from “Return Profile Hedging” (old) to “Return Profile Hedging For Structured Securities” (new). Also changed Field Description to indicate, that this field is for Structured Securities. – updated on 2019-01-15
  • OFST100048 Return Profile Option Or Leverage For Structured Securities: This field is intended for structured securities with EMT 2.0. Therefore, the field name has changed from “Return Profile Option Or Leverage” (old) to “Return Profile Option Or Leverage For Structured Securities” (new). Also changed Field Description to indicate, that this field is for Structured Securities.– updated on 2019-01-15
  • OFST100048 Return Profile Option Or Leverage For Structured Securities:
  • OFST350070 Implicit MiFID Compliance: Adjusted Field Description as this field is now also available in the EMT from the European Working Group.
  • OFST450001 Quotation Type For Structured Securities: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFST451025 Has MiFID Performance Fee: Added the EMT referenced field in the Field Description as this field is now available in the EMT from the European Working Group as well.
  • OFST451026 Ex-ante MiFID Performance Fee: Added the EMT referenced field in the Field Description as this field is now available in the EMT from the European Working Group as well.
  • OFST451320 Subscription Fee Maximum: Adjusted Field Description as the name and number of the field in EMT changed.
  • OFST452204 MiFID Ongoing Charges: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFDY023010 Ex-post Gross Entry Costs For Structured Securities: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFDY023143 Ex-post Transaction Costs Period Start: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFDY023144 Ex-post Transaction Costs Period End: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFDY023153 Ex-post Management Fee Applied Period End: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFDY023154 Ex-post Management Fee Applied Period End: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFDY023163 Ex-post Ongoing Charges Period Start: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFDY023164 Ex-post Ongoing Charges Period End: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFDY023193 Ex-post Incidental Costs Period Start: Adjusted Field Description as the name and number of the referenced EMT field has changed.
  • OFDY023194 Ex-post Incidental Costs Period End: Adjusted Field Description as the name and number of the referenced EMT field has changed.

Asian field changes

New Asian fields

  • OFST710113 Maximal Allowable Percentage Of Complex Bonds
  • OFST710114 Maximal Allowable Percentage Of Derivatives
  • OFST710115 Maximal Allowable Percentage Of High Yield Bonds
  • OFST710116 Maximal Intended Percentage Of Complex Bonds
  • OFST710117 Maximal Intended Percentage Of Derivatives
  • OFST710118 Maximal Intended Percentage Of High Yield Bonds
  • OFST710119 Percentage Of GAV In Virtual Assets
  • OFST710130 Is RQFII Fund – updated on 2019-01-15

No Longer Supported Asian Fields

Please note the following fields require adjustments.

  • OFST010220 Has Embedded Derivatives: The respective new field is “OFST710114 Maximal Allowable Percentage Of Derivatives”.
  • OFST710111 Is An Investment In High Yield Bonds Allowed: The respective new field is “OFST710115 Maximal Allowable Percentage Of High Yield Bonds”.
  • OFST710112 Is An Investment In Complex Bonds Allowed: The respective new field is “OFST710113 Maximal Allowable Percentage Of Complex Bonds”.

Informative Asian field changes

  • OFST710111 Is An Investment In High Yield Bonds Allowed: Updated link to the SFC list of examples of non-complex and complex products.

Belgian field changes

New Belgian fields

  • OFST710200 Is Belgian TIS Required – updated on 2019-02-14
  • OFST710213 Belgian Asset Test Average Start Date – updated on 2019-02-14
  • OFST710214 Belgian Asset Test Average End Date – updated on 2019-02-14

Great Britain field changes

New Great Britain fields

  • OFST701043 Great Britain ISA Type – updated on 2019-02-14
  • OFST701075 Is Fund Under TEF TAX Regime – updated on 2019-02-14

Italian field changes

New Italian fields

  • OFST710140 Is PIR Compliant – updated on 2019-02-14
  • OFST710150 Italian Reduced Rate Percentage – updated on 2019-03-15
  • OFST710153 Italian Reduced Rate Percentage Start Date – updated on 2019-03-15
  • OFST710154 Italian Reduced Rate Percentage End Date – updated on 2019-03-15
  • OFST710155 Italian Reduced Rate Percentage Calculation Date – updated on 2019-03-15

German investment tax act fields

New German fields regarding the investment tax act

  • OFST802001 Fund Without Domestic German Income – updated on 2019-01-16
  • OFST802002 German Investment Fund With Partial Tax Exemption – updated on 2019-01-16
  • OFST802003 Is Fund With Tax Exemption – updated on 2019-01-16
  • OFST802004 Applicable Tax Procedure – updated on 2019-01-16
  • OFST802005 Is Special Investment Fund As Defined In Par 26 Number 4 Letter H – updated on 2019-01-16
  • OFST802006 Is Transparency Option Exercised As Defined In Par 30 And 31 – updated on 2019-01-16
  • OFST802007 Type Of Transparency Option – updated on 2019-01-16
  • OFST802008 Has Tax Exemption For Business Tax – updated on 2019-01-16

No Longer Supported German Fields regarding the investment tax act

Please note the following fields require adjustments.

  • OFST802000 German Tax Category: No longer required as the German Investment Tax Act has been amended.
    – updated on 2019-01-16
  • OFST802010 Has Daily Delivery Of Interim Profit To WM Daten: No longer required as the German Investment Tax Act has been amended. – updated on 2019-01-16

Dynamic Fund Manager Data

New Dynamic Fund Manager Data fields

  • OFPM000010 Portfolio Manager Name – updated on 2019-01-16
  • OFPM000020 Portfolio Manager Year Of Birth – updated on 2019-01-16
  • OFPM000030 Portfolio Manager Gender – updated on 2019-01-16
  • OFPM000040 Portfolio Manager Year Of Experience Start – updated on 2019-01-16
  • OFPM000060 Portfolio Manager Brief Biography – updated on 2019-01-16
  • OFPM000110 Portfolio Manager Role – updated on 2019-01-16
  • OFPM000120 Portfolio Manager Role Starting Date – updated on 2019-01-16
  • OFPM000125 Portfolio Manager Role End Date – updated on 2019-01-16

No Longer Supported Dynamic Fund Manager Data fields

Please note the following fields require adjustments.

  • OFST050010 Fund Manager Name: Please use the new dynamic field “OFPM000010 Fund Manager Name”.
  • OFST050011 Fund Manager Year Of Birth: Please use the new dynamic field “OFPM000020 Fund Manager Year Of Birth”.
  • OFST050012 Fund Manager Gender: Please use the new dynamic field “OFPM000030 Fund Manager Gender”.
  • OFST050015 Fund Manager Role: Please use the new dynamic field “OFPM000110 Fund Manager Role”.
  • OFST050016 Fund Manager Year Of Experience Start: Please use the new dynamic field “OFPM000040 Fund Manager Year Of Experience Start”.
  • OFST050017 Fund Manager Starting Date: Please use the new dynamic field “OFPM000120 Fund Manager Role Starting Date”.
  • OFST050019 Fund Manager Brief Biography: Please use the new dynamic field “OFPM000060 Fund Manager Brief Biography”.

Other field changes

New other fields

  • OFST001420 BIC Of Custodian: other – updated on 2019-02-14
  • OFST001510 Sub-Investment Advisor Name
  • OFST020280 Has Equalization Method For Performance Fee – updated on 2019-01-15
  • OFST062025 Launch Price – updated on 2019-01-15
  • OFST062026 Launch Price Currency – updated on 2019-01-15
  • OFST062027 Launch Price Date – updated on 2019-01-15
  • OFST011200 Is UCITS With Leveraged Benchmark – updated on 2019-02-14
  • OFST011205 Is UCITS With Pay Off Linked To Indices – updated on 2019-02-14
  • OFST011210 Is Structured UCITS – updated on 2019-02-14
  • OFST402550 Maximal Number Of Possible Decimals Cash – updated on 2019-03-18
  • OFST402610 Rounding Method For Prices – updated on 2019-02-14
  • OFST402615 Rounding Method For Cash Subscriptions – updated on 2019-02-14
  • OFST402620 Rounding Method For Shares Subscrptions – updated on 2019-02-14
  • OFST402630 Rounding Method For Cash Redemptions – updated on 2019-02-14
  • OFST402635 Rounding Method For Shares Redemptions – updated on 2019-02-14
  • OFST420100 Cut-off Time For Switch In – updated on 2019-02-22
  • OFST415510 Switch In Notice Period – updated on 2019-02-22
  • OFST420700 Settlement Period For Switch In – updated on 2019-02-22
  • OFST451392 Upfront Contingent Deferred Sales Charge Fee – updated on 2019-02-14
  • OFST430300 Standard Minimum Remaining Balance Or Holding – updated on 2019-02-14
  • OFST435550 Switch Out Notice Period – updated on 2019-02-22
  • OFST440100 Cut-off Time For Switch Out – updated on 2019-02-22
  • OFST440150 Settlement Period For Switch Out – updated on 2019-02-22

No Longer Supported Fields

Please note the following fields require adjustments.

  • OFST405051 Frequency Of Subscription: Please use “OFST405521 Subscription Trade Cycle Period” instead.
  • OFST420551 Frequency Of Redemption: Please use “OFST425561 Redemption Trade Cycle Period” instead.

  • Major Field Changes

    Please note the following fields require action.


    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.


    Informative Field Changes

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

  • OFST024000 SRRI: Updated ESMA link in the Field Description. – updated on 2019-03-18
  • OFST100055 German Pension Scheme Return Profile: Changed Field Tag from “Key Fact: Share Class” (old) to “Key Fact: Fund” (new). – updated on 2019-01-15
  • OFST451405 Redemption Fee Applied: Changed Field Description as this field can be used for the data dissemination between distributor and subdistributor – updated on 2019-02-14
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