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Changelog openfunds Fields Version 1.23 Final

General Notes

Version 1.23 Final contains new fields due to further enhancements of the MiFID II and PRIIPs regulation. Moreover, it contains new fields for the Singaporean fund market as well as for the Spanish market such as the CNMV registry number. Additionally, openfunds adjusted the field logic of redemption and subscription fee fields according to valuable input. The version further includes some improvements of already existing fields from version 1.22.

With this version openfunds also updated its naming of the openfunds identification code, i.e. “OFST020000”. The code has been named “data-ID” which changed now to “OF-ID” standing for “openfunds identifier”. Alongside with the version 1.23 we updated all Field Descriptions, Examples and Values with the new term. Please find more details below.

In case of any questions regarding major and minor releases of openfunds fields, please consult the following White Paper: Version Management. You may also contact us at businessoffice@openfunds.org.

New fields

The following new fields have been included into the openfunds standard.

  • OFST001035 Domicile of the ManCo
  • OFST001040 Is Self-Managed Investment Company
  • OFST001415 Domicile of the Custodian
  • OFST010035 LEI Of Umbrella
  • OFST024042 Flexible PRIIP VEV
  • OFST024105 Flexible PRIIP Asset Allocation VEV
  • OFST024107 Has Risk Limit
  • OFST024109 Flexible PRIIP VEV Limit
  • OFST024170 PRIIP Capital Guarantee Early Exit Conditions Date
  • OFST350008 MiFID Specific Investment Need Description
  • OFST350009 Is Sharia Compliant
  • OFST405532 Irregular Subscription Dealing Days
  • OFST425572 Irregular Redemption Dealing Days
  • OFST451028 Performance Fee Applied
  • OFST451040 Custodian Fee Applied
  • OFST451045 Custodian Fee Applied Reference Date
  • OFST451305 Subscription Fee Applied
  • OFST451306 Subscription Fee Applied Reference Date
  • OFST451319 Has Subscription Fee
  • OFST451405 Redemption Fee Applied
  • OFST451406 Redemption Fee Applied Reference Date
  • OFST700601 Singapore Classification Of Investment Products
  • OFST700605 Singapore GST Liable
  • OFST700610 Singapore CPFIS-OA
  • OFST700615 Singapore CPFIS-SA
  • OFST700620 Singapore SRS
  • OFST700640 Is Swiss Investment Foundation
  • OFST701040 Is Great Britain ISA Compliant
  • OFST710100 CNMV Registry Number

 

No Longer Supported Fields

Please note the following fields require adjustments.

  • OFST024169 PRIIP Capital Guarantee Early Exit Conditions In Month: Changed Field Name “PRIIP Capital Guarantee Early Exit Conditions” (old) to “PRIIP Capital Guarantee Early Exit Conditions In Month” (new) and set to no longer supported, please use “OFST024170 PRIIP Capital Guarantee Early Exit Conditions Date” instead.

 

Major Field Changes

Please note the following fields require action.

  • OFST350005 MiFID German Product Category Or Nature: Name changed from “MiFID Product Category Or Nature” (old) to “MiFID German Product Category Or Nature” (new) and updated also the name in the translation table.
  • OFST451020 PRIIPS Performance Fee: Adapted Field Description.
  • OFST451030 Performance Fee Maximum: Adapted Field Description and removed Field Link Reference as no longer accurate.
  • OFST451419 Has Redemption Fee: Adjusted Field Description as now linked to “OFST451405 Redemption Fee Applied” and no longer linked to “OFST451420 Redemption Fee Maximum”, consequently removed Link Reference to “OFST451420 Redemption Fee Maximum”.
  • OFST451420 Redemption Fee Maximum: Removed Linked Field “OFST451419 Has Redemption Fee” as Boolean field is linked to the new field “OFST451405 Redemption Fee Applied” now and adjusted Field Description accordingly.
  • OFST454150 Has Separate Distribution Fee: Added “MiFID II data” Field Tag and adapted Description.
  • OFST454160 Distribution Fee: Added “EMT” and “MiFID II data” Field Tag and adapted Description.
  • OFST6050XX Country Specific Restrictions: Added new value “reserved alternative investment fund (RAIF)” for OFST6050LU for combination OFST6030LU = “res” und OFST6031LU = “res”.
  • OFST700630 Is BVV2 Compliant: Changed Field Level from “Fund” (old) to “Share Class” (new).

 

Minor Field Changes

Action not necessarily required as it depends on the implementation of openfunds whether an action is required. An example for minor field changes: Enhancements implemented in the openfunds field like the language tag functionality.

  • OFST6100XX Has Country Representative: Added country specific field names to Field Description.
  • OFST6102XX Country Representative: Added country specific field names to Field Description.

 

Informative Field Changes

No action required. Typically changes in field descriptions in order to clarify the use or the meaning of an openfunds field.

  • OFDY023143 Ex-post Transaction Costs Period Start: Adapted Field Description.
  • OFDY023144 Ex-post Transaction Costs Period End: Adapted Field Description.
  • OFDY023153 Ex-post Management Fee Applied Period Start: Adapted Field Description.
  • OFDY023154 Ex-post Management Fee Applied Period End: Adapted Field Description.
  • OFDY023163 Ex-post Ongoing Charges Period Start: Adapted Field Description.
  • OFDY023164 Ex-post Ongoing Charges Period End: Adapted Field Description.
  • OFDY023193 Ex-post Incidental Costs Period Start: Adapted Field Description.
  • OFDY023194 Ex-post Incidental Costs Period End: Adapted Field Description.
  • OFST001050 Fund Guarantor: Corrected typo in Values.
  • OFST002900 Global Intermediary Identification Number: Corrected Example and adapted Field Description.
  • OFST010230 Has Hedge Fund Strategy: Adapted Field Description.
  • OFST010630 Is Leveraged: Adapted Field Description.
  • OFST020060 Full Share Class Name: Adapted Field Description.
  • OFST020545 Share Class Lifecycle: Adjusted hyperlink in Field Description.
  • OFST020558 Subscription Period Start Date: Adapted Field Description and removed Linked Field.
  • OFST024154 PRIIP Investment Option: Adapted Field Description.
  • OFST024155 Target Market Retail Investor Type: Adapted Field Description.
  • OFST024158 PRIIP Other Risk Narrative: Adapted Field Description.
  • OFST024166 PRIIP Capital Guarantee Characteristics: Adapted Field Description.
  • OFST024168 PRIIP Capital Guarantee Limitations: Adapted Field Description.
  • OFST100128 Eligible For Advised Retail Distribution: Corrected Example.
  • OFST100132 Eligible For Portfolio Management: Corrected Example.
  • OFST350007 MiFID Specific Investment Need: Adapted Field Description and added Reference to field “OFST350008 MiFID Specific Investment Need Description”.
  • OFST400200 Subscription Category: Adapted Field Description.
  • OFST400220 Minimal Initial Subscription In Shares: Adapted Field Description.
  • OFST400230 Minimal Initial Subscription In Amount: Adapted Field Description.
  • OFST400240 Currency Of Subscription: Added Linked Reference to field “OFST400240 Currency Of Subscription” and adapted Field Description.
  • OFST401002 Pricing Methodology: Inserted line tag in the description to enhance browser compatability.
  • OFST405521 Subscription Trade Cycle Period: Adapted Field Description.
  • OFST405523 Number Of Possible Subscriptions Within Period: Adapted Field Description.
  • OFST405525 Weekly Subscription Dealing Days: Adapted Field Description.
  • OFST405526 Monthly Subscription Dealing Days: Adapted Field Description.
  • OFST405528 Yearly Subscription Dealing Days: Adapted Field Description.
  • OFST405530 Dealing Days Of Multiple Subscription Trade Cycles: Adapted Field Description.
  • OFST410100 Cut-off Time For Subscription: Added Link Reference to field “OFST410090 Time Zone For Cut-off For Subscription And Redemption”
  • OFST420230 Minimal Initial Redemption In Amount: Added Link Reference to field “OFST420200 Redemption Category” and adapted Field Description.
  • OFST420240 Currency Of Redemption: Added Link Reference to field “OFST420230 Minimal Initial Redemption In Amount” and adapted Field Description.
  • OFST425561 Redemption Trade Cycle Period: Adapted Field Description.
  • OFST425563 Number Of Possible Redemptions Within Period: Adapted Field Description.
  • OFST425565 Weekly Redemption Dealing Days: Adapted Field Description.
  • OFST425566 Monthly Redemption Dealing Days: Adapted Field Description.
  • OFST425568 Yearly Redemption Dealing Days: Adapted Field Description.
  • OFST425570 Dealing Days Of Multiple Redemption Trade Cycles: Adapted Field Description.
  • OFST430100 Cut-off Time For Redemption: Added Link Reference to field “OFST410090 Time Zone For Cut-off For Subscription And Redemption”.
  • OFST451005 PRIIPS Performance Fee Description: Adapted Field Description.
  • OFST451430 PRIIPS Redemption Fee In Favour Of Fund At RHP: Adapted Field Description according to new field “OFST451405 Redemption Fee Applied”.
  • OFST451440 Redemption Fee In Favour Of Fund: Adapted Field Description according to new field “OFST451405 Redemption Fee Applied”.
  • OFST452155 PRIIPS Carried Interest Description: Adapted Field Description.
  • OFST452204 MiFID Ongoing Charges: Adapted Field Description.
  • OFST453151 Is Trailer Fee Clean: Adapted Field Description.

 
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