News

8 March 2023

EMT V4.1 for consultation (deadline: 24 Mar 2023)

The FinDatEx MiFID Technical Working Group has updated the European MiFID Template (EMT V4.1) making the necessary changes to comply with the upcoming UK consumer duty regime which starts applying from 31 July 2023 for financial products and services. FinDatEx understands that 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 draft 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. These fields include:

  • 09010 & 09020: Ex-ante and ex-post transaction costs (using the UK calculation methodology)
  • 09030-09100: fields providing information on UK value for money


The draft EMT V4.1 is now under public consultation until 24 March 2023. The received feedback will be incorporated into the final EMT V4.1 to be published as soon as possible.


The draft template and further information on how to provide feedback can be found here under work in progress.

Please sign in with your email and password or click on the 'Sign up' link to sign up.

We will send you a new password if we have an account matching your e-mail address.

We will send you a new password if we have an account matching your e-mail address.