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    

In addition, we are planning to add the EMT 3.0 fields to our standard in this version.


New fields

The following new fields have been included into the openfunds standard.
  • OFST023105 Investment Status Description – updated on 2019-09-27
  • 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.
  • OFDY023224 Ex-post Gearing Costs Period End: Changed data type from “double” (old) to “date” (new). – updated on 2019-10-09
  • 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.
  • OFPM000020 Portfolio Manager Year Of Birth: Changed field name form “Portfolio Manager Date Of Birth” (old) to “Portfolio Manager Year Of Birth” (new). – updated on 2019-09-18
  • OFST020566 Termination Date: Adjusted field description as this field is not for targeted end dates of a fund. – updated on 2019-06-28
  • OFST024022 Used EMT Version: Changed field level from “Others” (old) to “Share Class” (new). – updated on 2019-09-18
  • OFST024023 EMT Date Of File Generation: Changed field level from “Others” (old) to “Share Class” (new). – updated on 2019-09-18
  • OFST024024 EMT Time Of File Generation: Changed field level from “Others” (old) to “Share Class” (new). – updated on 2019-09-18
  • OFST062027 Launch Price Date: Added link to “OFST062025 Launch Price”. – updated on 2019-09-18
  • 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
  • OFST401002 Pricing Methodology: Changed field level from “Fund” (old) to “Share Classe” (new). – updated on 2019-09-23
  • OFST401003 Single Pricing Type: Changed field level from “Fund” (old) to “Share Classe” (new). – updated on 2019-09-23
  • OFST450130 Italian Maximal One-off Entry Costs: Changed example to avoid confusion as this field ask for a fixed amount. – updated on 2019-06-20
  • OFST450131 Italian Maximal One-off Exit Costs: Changed example to avoid confusion as this field ask for a fixed amount. – updated on 2019-06-20
  • OFST451000 Has PRIIPS Performance Fee: Adjusted field description to specify how this field should be handeld in case the status of the share class is “projected” or “to be launched”. – updated on 2019-10-09
  • OFST451025 Has MiFID Performance Fee: Adjusted field description to specify how this field should be handeld in case the status of the share class is “projected” or “to be launched”. – updated on 2019-10-09
  • 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).
  • OFST451335 Has Applied Subscription Fee In Favour Of Fund: Added link reference to “OFST451336 Applied Subscription In Favour Of Fund”. – updated on 2019-10-09
  • 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).
  • OFST454160 Distribution Fee: Changed field description as the distribution fee does not have to belong to 100% to the distributor. – updated on 2019-10-09
  • 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
  • OFST701042 Is UK Non-UCITS Retails Scheme: Adjusted field description, as this field is only relevant for UK based funds. If this is not the case, please leave the field blank. – updated on 2019-10-09
  • OFST701050 Is PAIF: Adjusted field description, as this field is only relevant for UK based funds. If this is not the case, please leave the field blank. – updated on 2019-10-09
  • OFST701055 Is UK Approved Investment: Adjusted field description, as this field is only relevant for UK based funds. If this is not the case, please leave the field blank. – updated on 2019-10-09
  • OFST701075 Is Fund Under TEF TAX Regime: Adjusted field description, as this field is only relevant for UK based funds. If this is not the case, please leave the field blank. – updated on 2019-10-09
  • OFST701085 Is UK Fund Authorised By FCA: Changed field name from “Is UK Offshore Fund Authorised By FCA” (old) to “Is UK Fund Authorised By FCA” (new) and added link reference to “OFST010010 Fund Domicile Alpha-2”. – updated on 2019-10-09
  • OFST710325 Is Investment Strategy Considered Complex: Changed from field level “Share Class” (old) to “Fund” (new). – updated on 2019-10-09
  • OFST710361 Does Fund Intend To Hold More Than 50 Percent Of NAV In Loss-absorption Products Date: Changed field name from “Does Fund Intended To Hold More Than 50 Percent Of NAV In Loss-absorption Products Date” (old) to “Does Fund Intend To Hold More Than 50 Percent Of NAV In Loss-absorption Products Date” (new). – updated on 2019-10-09
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