EPT / CEPT Files - European PRIIPS Template

Context

Under the PRIIPS regulations, insurers will have to produce PRIIPS KID as early as January 2018 for each unit linked funds. Insurers will then have to collect from the asset managers the information necessary for this production.

FinDatEx (a joint structure of european associations and industry representativse) had worked on the definition of the necessary information insurers and asset managers had to exchange for the PRIIPS KID production. The format they define is the so-called EPT Format (for European PRIIPs Template Format).

The EPT is more like a dictionnary of fields, it does not define the technical format (Excel, csv, separtors), nor the exchange method (mail, ftp...). Thus, the management companies are asked to produce EPTs in several file formats and distribute them throw differnt channels and Insurance companies has to collect, control and process the files.

In an effort to help you, we published freely our EPT file viewer. It'll help you when manipulating those files. For the remaining problems, continue reading...

An exchange need also exist for the EMT files (European MIFID Template), EET file (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 EMT exchange platform and TPT exchange platform.

Solution

We offer a platform to exchange EPT 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 EPT 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 EPT Files distribution efficient and secure
• Know companies who use your data
• Access data for your FoFs
• Allow discritionnary access to your private EPT 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 EPT 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 EPT 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 EPT format: separtors and other...
• Publish an EPT 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.