EMT Files - European MIFID Template
A free and efficient service for exchanging EMT (European MIFID Template) files!
Context
Under MIFID 2, Fund distributors needs to ensure they are selling products that match the retail investor profile: it's financial knowledge, risk profile... They also need to inform the retail investors about fees (ex ante and ex post).
FinDatEx (a joint structure of european associations and industry representativse) defined the EMT format: a file that Fund Managers produce and Fund distributors collect to comply with the MIFID2 regulation.
An exchange need also exist for the EPT files (European PRIIPS Template), EET files (European ESG Template) and the TPT files (Tripartite Solvency II format). This platform allows the exchange of those two formats. Here is the the link to the EPT exchange platform and TPT exchange platform.
Solution
We offer a platform to exchange EMT files efficiently. The idea is simple: build a shared environment that can be used by both insurers and asset managers. It's our "Disclose Service" platform.
The platform knows about the specificities of the EMT Files and allows format validation, mass subscription...
We offer the plateform and support for it. We do not interfer in the relationship between the asset management companies and their customers. Our philosophy is to give our participants maximum control and autonomy.
Benefits for assets managers :
- Make your EMT Files distribution efficient and secure
- Know companies who use your data
- Access data for your FoFs
- Allow discritionnary access to your private EMT files (mandats, or dedicated funds)
Benefits for subscribers :
- Centralized data collection from distinct asset managers
- Be on time: Keep track of expected data and delivery dates
- Validation and control
- Use the format that suits your need and automate FTP/sFTP or email processing
- download one EMT Files for a set of ISINs
- ...
Architecture
The Fund KIS Disclose Service has been designed from the start to allow controlled confidential data sharing: only approved subscribers can have access to confidential data.
Our architecture provides security and unmatched scalability
Cost
For data to be exchanged between two entities. One at least need to be a customer. This principle allows several situations
The basic service is provided free of charge. It allows:
- Donwload EMT files of our clients (pull mode)
- Configure your FTP/sFTP server or emails and subscribe to asset management companies. Their files will be automatically sent to you (push mode)
- Customize the EMT format: separtors and other...
- Publish an EMT files that our customers can collect
The other advanced features are only available for service subscribers. Please contact us for more details.
Legal concerns
Any data exchange is covered by at least one contractual relationship that garanties to the other part quality, security and confidance expected for the exchange of such data.
Particpants (that are not customers) had no obligation and can stop using the platform at anytime. They can ask us to delete their account at any time.