European MiFID Template (EMT)
Since 3 January 2018, financial product distributors have to provide their customers with additional information on the target market and the costs of the investment funds they sell. The European MiFID Template (EMT) describes this additional information. Fund companies can use it to transmit the relevant data to sales outlets throughout the EU.
The EMT has been coordinated throughout Europe with the participation of the fund and certificate industry as well as the sales banks and confirmed by EFAMA. The informal working groups responsible for the various data sheets have now resulted in FinDatEx (Financial Data Exchange), which has been institutionalised the joint work. Under the coordination of FinDatEx, the EMT is being revised. It is free of industrial property rights and copyrights and is available to everyone. Its use is voluntary.
Version 4.0 must be provided from 1 August 2022.
Version 4.2 is mandatory since 30 June 2024 if funds are distributed in the UK. The fields contained in version 4.2 are necessary to take account of the FCA's November 2023 statement on the disclosure of costs.
The EMT 4.0 can still be used for funds that are not distributed in the UK.