Open Issues - Version 1.23 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.


General information about version 1.23

openfunds plans to publish the final version 1.23 at the end of April 2018. Therefore, we would like to inform you that only requests for new fields and further field changes submitted to openfunds before mid-March might be discussed to be included into this version.


Here are the files which will be affected by the below-listed field changes. The files already take into account the respective adjustments:

openfunds fields v1.23 DRAFT (PDF) / openfunds fields v1.23 DRAFT (Excel)updated on 2018-04-19

Furthermore, please consider our new translation table from openfunds to EMT, EPT and CEPT:

openfunds MiFID Template v1.02 (Excel) updated on 2018-04-19
openfunds PRIIPs Template v1.02 (Excel) updated on 2018-04-09

The already known translation files of the EMT (updated 2018-04-19) / EPT (updated 2018-03-25) including the corresponding openfunds fields are also updated.


New fields

The following new fields are discussed to be included into the openfunds standard.

  • OFST001035 Domicile of the ManCo – updated on 2018-04-19
  • OFST001415 Domicile of the Custodian – updated on 2018-04-19
  • OFST010035 LEI Of Umbrella – updated on 2018-04-19
  • OFST024042 Flexible PRIIP VEV – updated on 2018-03-25
  • OFST024105 Flexible PRIIP Asset Allocation VEV – updated on 2018-03-25
  • OFST024107 Has Risk Limit – updated on 2018-03-25
  • OFST024109 Flexible PRIIP VEV Limit – updated on 2018-03-25
  • OFST024170 PRIIP Capital Guarantee Early Exit Conditions Date
  • OFST350008 MiFID Specific Investment Need Description
  • OFST350009 Is Sharia Compliant
  • OFST350010 CIC: Will not be included in version 1.23 as no longer requested.
    updated on 2018-04-19
  • OFST405532 Irregular Subscription Dealing Days – updated on 2018-02-28
  • OFST425572 Irregular Redemption Dealing Days – updated on 2018-02-28
  • OFST451028 Performance Fee Applied – updated on 2018-04-19
  • OFST451405 Redemption Fee Applied – updated on 2018-04-19
  • OFST451406 Redemption Fee Applied Reference Date – updated on 2018-04-19
  • OFST700605 Singapore GST liable – updated on 2018-04-19
  • OFST700610 Singapore CPFIS-OA – updated on 2018-04-19
  • OFST700615 Singapore CPFIS-SA – updated on 2018-04-19
  • OFST700620 Singapore SRS – updated on 2018-04-19
  • OFST700640 Is Swiss Investment Foundation – updated on 2018-04-19

 

No Longer Supported Fields

Please note the following fields are discussed to be no longer supported by openfunds. Fields which are no longer supported require adjustments.

  • OFST024169 PRIIP Capital Guarantee Early Exit Conditions In Month: Changed Field Name “PRIIP Capital Guarantee Early Exit Conditions” (old) to “PRIIP Capital Guarantee Early Exit Conditions In Month” (new) and set to no longer supported, please use “OFST024170 PRIIP Capital Guarantee Early Exit Conditions Date” instead.
  • OFST451390 Has Contingent Deferred Sales Charge Fee: No longer supported. Please use “OFST460140 PRIIPS One-off Sliding Exit Cost Indicator” instead. Field has been reactivated. – updated on 2018-03-25

 

Major Field Changes

Please note the following fields will require action, if the changes are accepted by the openfunds committee.

  • OFST350005 MiFID German Product Category Or Nature: Name changed from MiFID Product Category Or Nature (old) to MiFID German Product Category Or Nature (new) and updated also the name in the translation table. – updated on 2018-02-28
  • OFST451020 PRIIPS Performance Fee: Adapted Field Description.
  • OFST451030 Performance Fee Maximum: Adapted Field Description and removed Field Link Reference as no longer accurate. – updated on 2018-04-19
  • OFST451419 Has Redemption Fee: Adjusted Field Description as now linked to “OFST451405 Redemption Fee Applied” and no longer linked to “OFST451420 Redemption Fee Maximum”, consequently removed Link Reference to “OFST451420 Redemption Fee Maximum”. – updated on 2018-04-19
  • OFST451420 Redemption Fee Maximum: Removed Linked Field “OFST451419 Has Redemption Fee” as it is not linked to new field “OFST451405 Redemption Fee Applied” and adjusted Field Description accordingly. – updated on 2018-04-19
  • OFST454150 Has Separate Distribution Fee: Added EMT Field Tag and adapted Description.
    updated on 2018-02-28
  • OFST454160 Distribution Fee: Added EMT Field Tag and adapted Description. – updated on 2018-02-28
  • OFST6050XX Country Specific Restrictions: Added new value “reserved alternative investment fund (RAIF)” or OFST6050LU for combination OFST6030LU = “res” und OFST6031LU = “res”. – updated on 2018-04-19
  • OFST00630 Is BVV2 Compliant: Changed Field Level from Fund (old) to Share Class (new). – updated on 2018-04-19

 

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.

  • OFST6100XX Has Country Representative: Added country specific field names to Field Description.
  • OFST6102XX Country Representative: Added country specific field names to Field Description.

 

Informative Field Changes

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

  • OFDY023143 Ex-post Transaction Costs Period Start: Adapted Field Description.
  • OFDY023144 Ex-post Transaction Costs Period End: Adapted Field Description.
  • OFDY023153 Ex-post Management Fee Applied Period Start: Adapted Field Description.
  • OFDY023154 Ex-post Management Fee Applied Period End: Adapted Field Description.
  • OFDY023163 Ex-post Ongoing Charges Period Start: Adapted Field Description.
  • OFDY023164 Ex-post Ongoing Charges Period End: Adapted Field Description.
  • OFDY023193 Ex-post Incidental Costs Period Start: Adapted Field Description.
  • OFDY023194 Ex-post Incidental Costs Period End: Adapted Field Description.
  • OFST001050 Fund Guarantor: Corrected typo in Values
  • OFST002900 Global Intermediary Identification Number: Corrected Example and adapted Field Description. – updated on 2018-03-25
  • OFST010230 Has Hedge Fund Strategy: Adapted Field Description. – updated on 2018-04-19
  • OFST010630 Is Leveraged: Adapted Field Description.
  • OFST020060 Full Share Class Name: Adapted Field Description.
  • OFST020545 Share Class Lifecycle: Adjusted hyperlink in Field Description. – updated on 2018-03-25
  • OFST020558 Subscription Period Start Date: Adapted Field Description and removed Linked Field. –
    updated on 2018-03-25
  • OFST024154 PRIIP Investment Option: Adapted Field Description.
  • OFST024155 Target Market Retail Investor Type: Adapted Field Description.
  • OFST024158 PRIIP Other Risk Narrative: Adapted Field Description.
  • OFST024166 PRIIP Capital Guarantee Characteristics: Adapted Field Description.
  • OFST024168 PRIIP Capital Guarantee Limitations: Adapted Field Description.
  • OFST100128 Eligible For Advised Retail Distribution: Corrected Example. – updated on 2018-03-25
  • OFST100132 Eligible For Portfolio Management: Corrected Example. – updated on 2018-03-25
  • OFST350007 MiFID Specific Investment Need: Adapted Field Description and added Reference to field “OFST350008 MiFID Specific Investment Need Description”.
  • OFST400200 Subscription Category: Adapted Field Description. – updated on 2018-04-19
  • OFST400220 Minimal Initial Subscription In Shares: Adapted Field Description. – updated on 2018-04-19
  • OFST400230 Minimal Initial Subscription In Amount: Adapted Field Description. – updated on 2018-04-19
  • OFST400240 Currency Of Subscription: Added Linked Reference to field “OFST400240 Currency Of Subscription” and adepted Field Description.
  • OFST401002 Pricing Methodology: Inserted line tag in the description to enhance browser compatability. – updated on 2018-03-25
  • OFST405521 Subscription Trade Cycle Period: Adapted Field Description. – updated on 2018-03-25
  • OFST405523 Number Of Possible Subscriptions Within Period: Adapted Field Description.
    updated on 2018-02-28
  • OFST405525 Weekly Subscription Dealing Days: Adapted Field Description. – updated on 2018-02-28
  • OFST405526 Monthly Subscription Dealing Days: Adapted Field Description.
  • OFST405528 Yearly Subscription Dealing Days: Adapted Field Description.
  • OFST405530 Dealing Days Of Multiple Subscription Trade Cycles: Adapted Field Description.
    updated on 2018-02-28
  • OFST410100 Cut-off Time For Subscription: Added Linked Reference to field “OFST410090 Time Zone For Cut-off For Subscription And Redemption”
  • OFST420230 Minimal Initial Redemption In Amount: Added Linked Reference to field “OFST420200 Redemption Category” and adepted Field Description.
  • OFST420240 Currency Of Redemption: Added Linked Reference to field “OFST420230 Minimal Initial Redemption In Amount” and adepted Field Description.
  • OFST425561 Redemption Trade Cycle Period: Adapted Field Description. – updated on 2018-03-25
  • OFST425563 Number Of Possible Redemptions Within Period: Adapted Field Description.
    updated on 2018-02-28
  • OFST425565 Weekly Redemption Dealing Days: Adapted Field Description.
  • OFST425566 Monthly Redemption Dealing Days: Adapted Field Description.
  • OFST425568 Yearly Redemption Dealing Days: Adapted Field Description.
  • OFST425570 Dealing Days Of Multiple Redemption Trade Cycles: Adapted Field Description.
    updated on 2018-02-28
  • OFST430100 Cut-off Time For Redemption: Added Linked Reference to field “OFST410090 Time Zone For Cut-off For Subscription And Redemption”
  • OFST451005 PRIIPS Performance Fee Description: Adapted Field Description.
  • OFST451430 PRIIPS Redemption Fee In Favour Of Fund At RHP: Adapted Field Description according to new field “OFST451405 Redemption Fee Applied”.
    updated on 2018-04-19
  • OFST451440 Redemption Fee In Favour Of Fund: Adapted Field Description according to new field “OFST451405 Redemption Fee Applied”. – updated on 2018-04-19
  • OFST452155 PRIIPS Carried Interest Description: Adapted Field Description.
  • OFST452204 MiFID Ongoing Charges: Adapted Field Description. – updated on 2018-02-28
  • OFST453151 Is Trailer Fee Clean: Adapted Field Description.

 

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