FinDatEx

The new version EET V1.1.2 includes typo corrections, transition from M/C to O of transitional scope 1, 2 data fields, and two new data fields 103 (Frequency of PAI) and 616 (snapshot list of invested countries in the sovereign sub part of the portfolio). V1.1.2 does not contain any structural change in comparison to previous versions. V1.1.2 can be used from 31 December 2023 and should be delivered before end of March 2024 for SFDR entity level reporting.

The EET is updated to V1.1.1 which newly contains in one file supplementary data fields regarding investments in fossil gas and nuclear - see lines 682 ss. There is also one new data field on complementary PAI information - see lines 709 ss. Following the end of the transition period on 30 April 2023, V1.1.1 will be the only version of the EET that should be used. Later in 2023, the dedicated working group will revisit and restructure the EET and transfer the supplementary fields to the main structure of the EET.

The EET V1.1 updates V1.0. It does not implement new regulation but updates the initial EET in view of the applicability of the SFDR RTS as of 1 January 2023. FinDatEx recommends that V1.1 should be used for exchange between product manufacturer and distributor/insurer as of 1 December 2022. Against the background of technical practicability, FinDatEx expects that V1.0 should not be used anymore after 30 April 2023. For the differences between V1.1 and V1.0, please see the annexed explainer ppt.

Update (06/12/22): A separate supplementary file has been added to EET V1.1 which contains preliminary data fields for the exchange of information on investments in fossil gas and nuclear. This supplement will be reviewed and integrated into the EET in early 2023.

The European ESG Template (EET) is meant to facilitate the necessary exchange of data between product manufacturer and distributor for the purpose of fulfilling ESG-related regulatory requirements contained in the SFDR, relevant provisions of the Taxonomy Regulation, and the relevant delegated acts complementing MiFID II and IDD. The EET V1 is based on the regulatory situation on the day of publication and will be reviewed regularly depending on the evolving regulation, and at least confirmed annually. With regard to the MiFID target market, the EET interacts with the EMT V4. FinDatEx recommends the delivery by product manufacturers as of 1 June 2022.

EET explanatory recordings: Introduction, Guidelines of the work, General presentation, Detailed presentation, Country specific fields

The updated TPT V6 incorporated minor corrections of errors that were brought to the attention of the TPT WG.  

This new version includes minor changes compared to V5.0 (published in January 2020) and should have very limited impact:

• Two datapoints have been added in the last part of the template in order to take into account collateral in SCR calculation.
• A few minor corrections have been implemented for existing datapoints.

Additional guidelines were issued, refining the description of some datapoints helping users modelling FX forward, FX options, FX future transactions, Interest Rate Swaps, Credit Derivatives Swaps consistently.

V6 can be used with the effective start date of 31 March 2022. On an interim basis, in Q2 2022, V5 and V6 can be used parallel. It is recommended using V6

The FinDatEx platform has made an improvement to the fifth version of the European Solvency II template (TPT V5).

The working group has received numerous requests for clarification from stakeholders regarding field 137. In order to facilitate the completion of this field, the TPT WG has included a transcodification table between NACE codes and ESA sectors, to be applied depending on CIC codes.

TPT V5, applicable as of 31 March 2020, was endorsed by FinDatEx and members of the FinDatEx Steering Group. The FinDatEx SII WG strongly recommends market participants to use V5 as TPT V3 and TPT V4 will no longer be maintained after the last Solvency II reporting period of 2020 (i.e. February 2021). After this period, these reports may no longer be considered as “standard”.

This update contains an editorial amendment within field 09060 "Outcome of PRIN Value Assessment Or Review UK": the word "both" has been deleted.

The EMT is updated to V4.1 to comply with the upcoming UK consumer duty regime. The EMT V4.1 includes 10 new optional fields (which become mandatory and conditional apply only if 09030 is set to is set to "Y") required for funds being distributed in the UK.

The UK FCA has set out an expectation that manufacturers will communicate the outcome of their initial assessment by end of April. Please note that the EMT V4.0 and V4.1 will be used in parallel (depending on whether a product is being distributed into the UK).

The EMT V4 replaces V3 and V3.1 which are valid until 31 July 2022, while V4 has to be used as of 1 August 2022. As of that date, V4 will be the only current version of the EMT.

V4 is similar to V3: data field 05105 asks if the product considers sustainability preferences. The country-related sections and the information on Art. 8/9 product type, which had been introduced in V3.1, have been removed. This information, as well as any ESG-related data fields, are now subject to the European ESG Template, EET.

This update contains an editorial amendment to data field 00090_Product_Category_Or_Nature_Germany. The column on Codification has been amended (number 30 has been changed to 33) and categorisation codes have been updated in the relevant tab. Delivery of these new keys will be possible from 01.01.2022 for the German market.

EMT V3.1 has been endorsed by the FinDatEx Steering Group. This is an interim version of the EMT to facilitate compliance with SFDR Level 1 requirements as of 10 March 2021. EMT V3.1 and V3.0 coexist and cannot be merged. In comparison to V3.0, data field 56 has been updated and data fields 95-98 added.

This update contains an editorial amendment to data field 00090_Product_Category_Or_Nature_Germany. The column on Codification has been amended (number 30 has been changed to 33) and categorisation codes have been updated in the relevant tab. Delivery of these new keys will be possible from 01.01.2022 for the German market.

The EMT Version 3 was endorsed by FinDatEx and members of the FinDatEx Steering Group. An immediate switch-over to EMT V3 is not required, as all EMT users are anticipated to migrate over to V3 by 10 December 2020 at the latest.

The EMT Version 2 was adopted by some national associations in 2018 and is used only for structured products. The template has not been endorsed by FinDatEx or by members of the FinDatEx Steering Group.  

Version 1 of the European MiFID Template was finalised in August 2017 and is currently being reviewed.

Please note that this version of the EMT has not been endorsed by the FinDatEx Steering Group.

EPT V2.1

The FinDatEx PRIIPs technical working group has developed a new version of the European PRIIPs Template (EPT V2.1) making the necessary additions to deal with the new UK PRIIPs regime amended by FCA on March 2022. Therefore, the EPT V2.1 includes an additional section required now for the UK market.

The EPT V2.1 will coexist with the European PRIIPs Template V2.0 (EPT V2.0); the latter incorporating the necessary changes made by the revised PRIIPs RTS, published by in the Official Journal of the European Union on 20 December 2021.

The European PRIIPs Template v2.0 (EPT) incorporates the necessary changes made by the revised PRIIPs RTS, published by in the Official Journal of the European Union on 20 December 2021.

Version 1.1 of the European PRIIPs template was adopted by some industry associations in October 2017.

Please note that this template has not been endorsed by the FinDatEx Steering Group.

Version 1.1 of the CEPT was finalised in October 2017. The CEPT includes additional data points to facilitate KID production for insurance companies.

Please note that this template has not been endorsed by the FinDatEx Steering Group.

Version 1.1 of the CEPT was finalised in October 2017. The CEPT includes additional data points to facilitate KID production for insurance companies.

Please note that this template has not been endorsed by the FinDatEx Steering Group.