Open Issues

upcoming version 1.26 DRAFT

Disclaimer

Please note this page is only for pre-informative purposes and not yet final. The new fields and changes of version 1.26 DRAFT will be 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 1.26

We intend to divide the field “OFST160150 Home Country Legal Type Of Fund” into two areas “OFST160151 EU Come Country Legal Type Of Fund” and “OFST160152 Non-EU Home Country Legal Type Of Fund”. Please have a look at our proposal in the following Excel file and we would be grateful if you could share your thoughts with us. You will also find further planned changes in this file.  
MiFID II Excel listDRAFT version 1.26 updated on 2019-06-26  

New fields

The following new fields have been included into the openfunds standard.
  • OFST160151 EU Home Country Legal Type Of Fund – updated on 2019-06-26
  • OFST160152 Non-EU Home Country Legal Type Of Fund – updated on 2019-06-26
 

No Longer Supported Fields

Please note the following fields require adjustments.
  • OFST160150 Home Country Legal Type Of Fund: Please use “OFST160151 EU Home Country Legal Type Of Fund” or “OFST160152 Non-EU Home Country Legal Type Of Fund” instead. – updated on 2019-06-26
 

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.
  • OFDY023140 Ex-post Transaction Costs As Percentage: Adjusted field description because the value must be annualised for periods not equal to one year.
  • OFDY023150 Ex-post Management Fee Applied As Percentage: Adjusted field description because the value must be annualised for periods not equal to one year.
  • OFDY023160 Ex-post Ongoing Charges As Percentage: Adjusted field description because the value must be annualised for periods not equal to one year.
  • OFST010220 Has Embedded Derivatives: Removed the “No longer supported field” tag, as this field is still valid in version 1.25. – updated on 2019-06-26
  • OFST020566 Termination Date: Adjusted field description as this field is not for targeted end dates of a fund. – updated on 2019-06-28
  • OFST351300 Money Market Type Of Fund: Adjusted field description as if none of the values apply, the field should be left blank. – updated on 2019-06-20
  • OFST450130 Italian Maximal One-off Entry Costs: Changed example to avoid confusion as this field ask for a fixed amount. – update on 2019-06-20
  • OFST450131 Italian Maximal One-off Exit Costs: Changed example to avoid confusion as this field ask for a fixed amount. – update on 2019-06-20
  • OFST451319 Has Subscription Fee: Changed field name from “Has Subscription Fee” (old) to “Has Subscription Fee In Favour Of Distributor”
  • OFST451320 Subscription Fee Maximum: Changed field name from “Subscription Fee Maximum” (old) to “Maximum Subscription Fee In Favour Of Distributor” (new).
  • OFST451310 Subscription Fee Minimum: Changed field name from “Subscription Fee Minimum” (old) to “Minimum Subscription Fee In Favour Of Distributor” (new).
  • OFST451419 Has Redemption Fee: Changed field name from “Has Redemption Fee” (old) to “Has Redemption Fee In Favour Of Distributor” (new).
  • OFST451420 Redemption Fee Maximum: Changed field name from “Redemption Fee Maximum” (old) to “Maximum Redemption Fee In Favour Of Distributor” (new).
  • OFST451410 Redemption Fee Minimum: Changed field name from “Redemption Fee Minimum” (old) to “Minimum Redemption Fee In Favour Of Distributor” (new).
  • OFST6102XX Country Representative Name: Removed the name of the country representative for Finland as there is no need to have a Information or Paying Agent. – updated on 2019-06-21
  • OFST6050XX Country Specific Restrictions: Adjusted field description as “OFST160151 EU Home Country Legal Type Of Fund” and “OFST160152 Non-EU Home Country Legal Type Of Fund” replace “OFST160150 Home Country Legal Type Of Fund”. updated on 2019-06-26
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