FinDatEx

News

16 July 2020

FinDatEx guidance regarding support of TPT templates V3 and V4

FinDatEx guidance regarding support of TPT templates V3 and V4


BRUSSELS, 16 July 2020 – The Financial Data Exchange Templates (FinDatEx) platform announces the following updated guidance regarding the support and use of the different versions of TPT templates.


The FinDatEx SII WG strongly recommends that market participants no longer use TPT V3 and TPT V4, as these are no longer maintained, after the last Solvency II reporting period of 2020. After this period, these reports may no longer be considered as “standard”.


The use of TPT V5 and all other FinDatEx templates is not compulsory, and they are provided to the industry free of charge and free of any intellectual property rights.


In order to preserve costs and data quality benefits of the TPT template, it is key to limit the usage of its different versions.


The TPT V5, which encompasses the latest regulatory evolutions, with some very limited changes from the V4, is already used by a large part of participants.


TPT V3 – published 31/12/2015, end of delivery date (*) 01/02/2021


Comments:

  • Is not aligned with the latest version of Solvency 2 regulation.
  • Does not guarantee the same level of data quality as the other versions.
  • Not supported by FinDatEx Working group since April 2020


TPT V4 – published 30/09/2018, end of delivery date (*) 01/02/2021


Comments:

  • Is not aligned with the latest version of Solvency 2 regulation.
  • Not supported by FinDatEx Working group since July 2020


TPT V5 – published 31/03/2020


Comments:

  • Aligned with current Solvency regulation


(*) End of delivery date means that after this date the respective version of the TPT template should no longer be used for reporting purposes.



About FinDatEx

FinDatEx (Financial Data Exchange Templates) supports the development and use of standardised templates to exchange data between European financial sector institutions. It is comprised of the European Association of Cooperative Banks (EACB), the European Banking Federation (EBF), the European Fund and Asset Management Association (EFAMA), Insurance Europe, the European Association of Public Banks (EAPB), the European Savings and Retail Banking Group (ESBG) and the European Structured Investment Products Association (EUSIPA).


FinDatEx recently published a European MiFID template (EMT) and already initiated work on European PRIIPs templates (EPT and CEPT).


For more information

EACB: Marieke van Berkel, Head of Department Retail Banking, Payments, Financial Markets, [email protected], + 32 2 286 98 47

EABP: Boris Bartels, Department Director, +32 2 286 90 64, [email protected]

EBF: Pauline Guérin, Senior Policy Advisor, +32 2 508 37 63, [email protected]

EFAMA: Tanguy van de Werve, Director General, +32 2 513 39 69, [email protected]

ESBG: Sebastian Stodulka, Head of Regulatory Affairs, +32 2 211 1162, [email protected]

Insurance Europe: Richard Mackillican, Spokesperson, +32 2 894 30 69, [email protected]

EUSIPA: Thomas Wulf, Secretary General, +32 2 550 3415, [email protected]

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