Open Issues

upcoming version 1.24 DRAFT

Disclaimer

Please note this page is only for pre-informative purposes and not yet final. There will be further changes and the below-indicated list will grow over time as some of these fields have not yet been discussed within the openfunds committee. 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.


New upcoming version 1.24 DRAFT

We are currently working on the new version 1.24. Please note that we decided, not to implement the EMT 2.0 fields in version 1.24 in order to avoid any confusions. For further information please consider our new Section EMT 2.0 .

In version 1.24 the remaining EMT fields from the EMT 1.0 have been added. The remaining EPT fields have also been included in the openfunds field list. In addition, new fields were introduced that are specifically required by Asian distributors and fund houses. We have also added fields that are required for dynamic data distribution. Please note that all these changes have not yet been discussed in the openfunds committee. The new fields and changes are listed below by topic.

For an overview of all new fields of the version 1.24 that are not sorted by topic, please click here.

 

EMT 1.0 Fields

New EMT 1.0 Fields

  • OFDY023010 Ex-post Gross Entry Costs For Structured Securities – updated on 2018-09-06
  • OFDY023011 Ex-post One-off Exit Costs For Structured Securities – updated on 2018-09-06
  • OFDY023013 Ex-post Ongoing Costs For Structured Securities – updated on 2018-09-06
  • OFDY023014 Ex-post Accumulated Ongoing Costs For Structured Securities
  • OFDY023015 Ex-post Management Fees For Structured Securities
  • OFDY023200 Ex-post Distribution Fees As Percentage
  • OFDY023203 Ex-post Distribution Fees Period Start
  • OFDY023204 Ex-post Distribution Fees Period End
  • OFST024007 Risk Tolerance For Non-PRIIPS And Non-UCITS
  • OFST024008 Spanish Risk Tolerance For Non-PRIIPS And Non-UCITS
  • OFST100017 German Knowledge And Experience
  • OFST100028 Level Of Limited Capital Loss As Percentage – updated on 2018-09-06
  • OFST100030 German Lowest Risk Tolerance
  • OFST100055 German Pension Scheme Return Profile – updated on 2018-09-06
  • OFST450001 Quotation Type For Structured Securities – updated on 2018-09-11
  • OFST450005 Early Termination For Structured Securities – updated on 2018-09-06
  • OFST450040 MiFID Exit Costs At RHP For Structured Securities – updated on 2018-09-06
  • OFST450041 MiFID One-off Exit Costs For Structured Securities
  • OFST450050 MiFID Ongoing Charges For Structured Securities – updated on 2018-10-26
  • OFST450051 Management Fee For Structured Securities
  • OFST450130 Italian Maximal One-off Entry Costs – updated on 2018-09-06
  • OFST450131 Italian Maximal One-off Exit Costs
  • OFST450996 Typical One-off Exit Costs
  • OFST451050 Is Leveraged Financial Instrument Or Contingent Liability Transaction – updated on 2018-09-11
  • OFST452040 MiFID Management Fee Applied – updated on 2018-10-26
  • OFST452041 MiFID Management Fee Applied Date – updated on 2018-10-31

 

Informative EMT 1.0 Field Changes

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

  • OFST010660 Is ETC: Added field number of the EMT in the Field Description.
  • OFST024018 PRIIP Recommended Holding Period: Adjusted conversion table in the Field Description from
    1 day < very short <= 1 year (old) to 1 day <= very short <= 1 year (new). – updated on 2018-09-06

 

EPT Fields

New EPT Fields

  • OFST024002 Historical Volatility
  • OFST024157 PRIIP Risk Narrative
  • OFST451450 PRIIPS One-off Entry Costs
  • OFST451451 PRIIPS One-off Exit Costs
  • OFST452030 PRIIPS Management Costs – updated on 2018-10-26
  • OFST452031 PRIIPS Management Costs Date – updated on 2018-10-31
  • OFST452142 Methodology Of Transaction Costs
  • OFST452146 PRIIPS Ongoing Transaction Costs
  • OFST452151 PRIIPS Carried Interest RIY
  • OFST452154 UCITS Incidental Costs Carried Interest
  • OFST452161 PRIIPS Performance Fee RIY
  • OFST452221 PRIIPS Other Ongoing Costs RIY

 

Informative EPT Field Changes

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

  • OFST451300 PRIIPS Subscription Fee In Favour Of Fund: Adjusted Field Description in order to illustrate the difference to “Subscription Fee In Favour Of Fund”. – updated on 2018-09-14
  • OFST460190 1Y Total Costs: Adjusted Field Description as this field covers the EPT “07010_Total_cost_1_year” and CEPT “34010_Cost_total_period_1”.
  • OFST460192 Half RHP Total Costs: Adjusted Field Description as this field covers the EPT “07030_Total_cost_half_RHP” and CEPT “34020_Cost_total_period_2”.
  • OFST460193 RHP Total Costs: Adjusted Field Description as this field covers the EPT “07050_Total_cost_RHP” and CEPT “34030_Cost_total_period_3”.
  • OFST460195 1Y RIY: Adjusted Field Description as this field covers the EPT “07020_RIY_1_year” and CEPT “34040_Percentage_RIY_period_1”.
  • OFST460197 Half RHP RIY: Adjusted Field Description as this field covers the EPT “07040_RIY_half_RHP” and CEPT “34050_Percentage_RIY_period_2”.
  • OFST460198 RHP RIY: Adjusted Field Description as this field covers the EPT “07060_RIY_RHP” and CEPT “34060_Percentage_RIY_period_3”.

 

Asian Distributors and Fund Houses Fields

New Asian Fields

  • OFST710110 Hong Kong SFC Security Classification
  • OFST710111 Is An Investment In High Yield Bonds Allowed
  • OFST710112 Is An Investment In Complex Bonds Allowed – updated on 2018-09-04

 

Dynamic Data Distribution Fields

New Dynamic Data Fields

  • OFDY100100 Dynamic Data Type: Includes OF-ID which value shall be shown in Narrow Dynamic Data Table
  • OFDY100110 Dynamic Currency
  • OFDY100111 Dynamic Value

 

Other Requested Fields

New Other Fields

  • OFDY005026 Tax Deducted Reinvested Amount Reference Date
  • OFST005015 Domicile Of Umbrella
  • OFST010050 Form Of Share
  • OFST010055 Location Of Bearer Share
  • OFST010056 Location Of Share Register
  • OFST010250 Fund Valuation Point – updated on 2018-10-26
  • OFST010251 Fund Valuation Point Time Zone – updated on 2018-10-26
  • OFST010635 Maximum Leverage In Fund
  • OFST010650 Is REIT
  • OFST020290 Has Forward Pricing
  • OFST350102 EFAMA EFC Classification Type – updated on 2018-09-06
  • OFST351300 Money Market Type Of Fund
  • OFST451025 Has MiFID Performance Fee – updated on 2018-09-24
  • OFST451335 Has Applied Subscription Fee In Favour Of Fund – updated on 2018-10-26
  • OFST451336 Applied Subscription Fee In Favour Of Fund – updated on 2018-10-26
  • OFST451337 Applied Subscription Fee in Favour Of Fund Reference Date – updated on 2018-10-26
  • OFST451339 Has Subscription Fee In Favour Of Fund – updated on 2018-09-06
  • OFST451391 Contingent Deferred Sales Charge Fee – updated on 2018-10-26
  • OFST451435 Has Applied Redemption Fee In Favour Of Fund – updated on 2018-10-26
  • OFST451436 Applied Redemption Fee In Favour Of Fund – updated on 2018-10-26
  • OFST451437 Applied Redemption Fee In Favour Of Fund Reference Date – updated on 2018-10-26
  • OFST452014 Has All-in Fee
  • OFST700650 Is Suitable For Swiss Retail Clients – updated on 2018-09-06
  • OFST700660 Is SBA Compliant
  • OFST701041 Is UK SIPP Compliant – updated on 2018-09-06
  • OFST701042 Is UK Non-UCITS Retails Scheme – updated on 2018-09-06
  • OFST701050 Is PAIF
  • OFST701055 Is UK Approved Investment Trust

 

No Longer Supported Other Fields

Please note the following fields will require adjustments.

  • OFST024043┬áPRIIP VEV-1: No longer supported as no longer needed.
  • OFST024044 PRIIP VEV-2: No longer supported as no longer needed.
  • OFST024045 PRIIP VEV-3: No longer supported as no longer needed.
  • OFST451380 Germany Front Load: No longer supported as no longer needed.

 

Major Other Fields Changes

Please note the following fields will require adjustments.

  • OFST002700 Transfer Agent: Changed Field Level from Company (old) to Share Class (new).
  • OFST020080 Share Class Consolidation Key: Changed Field Level from Share Class (old) to Fund (new). Also changed to a “Hybrid Field”. Please see white paper “Field Typology” for more information.
  • OFST452000 Management Fee Applied: Adjusted Field Description and removed Field Tags “EPT”, “PRIIPs data”, “PRIIPs and MiFID cost fields”, “MiFID II data” and “EMT”. For Management Costs / Fees please use the new fields “OFST452030 PRIIPS Management Costs” or “OFST452040 MiFID Management Fee Applied”. – updated on 2018-10-26

 

Minor Other Fields 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.

  • OFST001410 LEI Of Custodian Bank: Deleted Field Tags “MiFID II data” and “PRIIP data”, chagend Field Level from Fund (old) to Company (new) and changed Linked Reference from “OFST001400 Custodian Bank Name” (old) to “OFST001415 Domicile Of Custodian Bank” (new). – updated on 2018-10-30
  • OFST010500 Is Fund Of Funds: Corrected Field Description. – updated on 2018-09-07
  • OFST350000 MiFID Securities Classification: Added Field Tag “MiFID II data”.
  • OFST451340 Maximum Subscription Fee In Favour Of Fund: Changed Field Name from “Subscription Fee In Favour Of Fund” (old) to “Maximum Subscription Fee In Favour Of Fund” (new) and adjusted Field Description. – updated on 2018-09-20
  • OFST451440 Maximum Redemption Fee In Favour Of Fund: Changed Field Name from “Redemption Fee In Favour Of Fund” (old) to “Maximum Redemption Fee In Favour Of Fund” (new) and adjusted Field Description. – updated on 2018-09-20

 

Informative Other Fields Changes

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

  • OFDY005025 Tax Deducted Reinvested Amount: Added Linked Field to the new created Field “OFDY005026 Tax Deducated Reinvested Amount Reference Date”.
  • OFST001030 LEI Of ManCo: Changed Linked Reference from “OFST001020 ManCo” to “OFST001035 Domicile Of ManCo”. – updated on 2018-10-30
  • OFST001035 Domicile Of ManCo: Changed name from “Domicile of the ManCo” (old) to “Domicile Of ManCo” (new) and added Field Tags “PRIIP data” and “MiFID II data”. Also added Link Reference to “OFST001020 ManCo”. – updated on 2018-09-06
  • OFST001415 Domicile Of Custodian Bank: Changed name from “Domicile of the Custodian” (old) to “Domicile Of Custodian Bank” (new). Added Link Reference to “OFST001400 Custodian Bank Name”. – updated on 2018-09-06
  • OFST002000 Marketmaker Name: Adjusted Field Description as this field is only applicable for ETF funds.
  • OFST005010 Umbrella: Added Link Reference to “OFST010035 LEI Of Umbrella”. – updated on 2018-09-06
  • OFST010035 LEI Of Umbrella: Changed Link Reference from “OFST005010 Umbrella” (old) to new field “OFST005015 Domicile Of Umbrella” (new). – updated on 2018-09-06
  • OFST010220 Has Embedded Derivatives: Adjusted Field Description as this field is used for Hong Kong authorized funds. – updated on 2018-10-26
  • OFST020620 Is Restricted To Separate Fee Arrangement: Adjusted Field Description. – updated on 2018-09-12
  • OFST405500 Has Pre-notice For Subscription: Adjusted Field Description to specify the linkage to field “OFST405510 Subscription Notice Period”.
  • OFST410060 Trade Date: Adjusted Field Description in order to further specify meaning and relation to other fields of notification and settlement. – updated on 2018-10-26
  • OFST425500 Has Pre-notice For Redemption: Adjusted Field Description to specify the linkage to field “OFST425550 Redemption Notice Period”.
  • OFST451028 Performance Fee Applied: Added the respective EPT field in the Field Description and added Link Reference to “OFST451000 Has PRIIPS Performance Fee”. – updated on 2018-10-30
  • OFST451030 Performance Fee Maximum: Corrected Field Description. – updated on 2018-09-06
  • OFST451305 Subscription Fee Applied: Ajdusted Field Description as a new field was added for applied subscription fees in favour of fund. – updated on 2018-10-26
  • OFST451306 Subscription Fee Applied Reference Date: Ajdusted Field Description as a new field was added for subscription fee applied reference date in favour of fund. – updated on 2018-10-26
  • OFST451310 Subscription Fee Minimum: Ajdusted Field Description as a new field was added for minimal subscription fees in favour of fund. – updated on 2018-10-26
  • OFST451319 Has Subscription Fee: Ajdusted Field Description as a new field was added for has subscription fees in favour of fund. – updated on 2018-10-26
  • OFST451320 Subscription Fee Maximum: Ajdusted Field Description as a new field was added for maximal subscription fees in favour of fund. – updated on 2018-10-26
  • OFST451405 Redemption Fee Applied: Ajdusted Field Description as a new field was added for applied redemption fees in favour of fund. – updated on 2018-10-26
  • OFST451406 Redemption Fee Applied Reference Date: Ajdusted Field Description as a new field was added for redemption fee applied reference date in favour of fund. – updated on 2018-10-26
  • OFST451410 Redemption Fee Minimum: Ajdusted Field Description as a new field was added for minimal redemption fees in favour of fund. – updated on 2018-10-26
  • OFST451419 Has Redemption Fee: Ajdusted Field Description as a new field was added for has redemption fees in favour of fund. – updated on 2018-10-26
  • OFST451420 Redemption Fee Maximum: Ajdusted Field Description as a new field was added for maximal redemption fees in favour of fund. – updated on 2018-10-26
  • OFST454161 Distribution Fee Reference Date: Added Field Tag “MiFID ll data”.
  • OFST6030XX Country Legal Registration: Added link to white paper. – updated on 2018-10-26
  • OFST6031XX Country Marketing Distribution: Added link to white paper. – updated on 2018-10-26
  • OFST700640 Is Swiss Investment Foundation: Adjusted Field Description as this field only appiles for funds domiciled in Switzerland.

 

2 thoughts on “Open Issues”

  1. dyoung@asset-logic.com says:

    Hello,

    OFST010420 – some managers (especially alternatives managers) are advising us there should also be an option of ‘semi-open ended’. Can this be added to options for this field?

    Please let me know if you would like to discuss.
    Many thanks,
    Deion

    1. jovica.rajic@fundinfo.com says:

      Dear Deion

      Many thanks for your post. Please excuse our late response – we were quite surprised as it’s the first time this feature was used.

      We will provide the committee with your request. Therefore, would it be possible for you to provide us a definition for “semi open-ended”?

      Many thanks for your support.

      Kind regards
      Jovica

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