The next planned version of openfunds is expected to be version 2.13.0 of openfunds. This will be released in Q1 2026. You will find here a list of fields already planned to be included and other upcoming changes. These fields may be used by members in advance of official publication, with the caveat that they are not yet finalised.
Adoption of European MIFID Template V4.3
FinDatEx has released an updated version of the European MIFID template to capture additional data related to a Value Cost Advantage (VCA) test for Structured Products in France. This template can be used since early January 2026. With the next release of the openfunds list, openfunds will include the corresponding updates:
- Update of fields OFEM000010 “EMT Version” to include “v4.3” as additional field value
- Introduction of the following 3 new fields:
OFEM110000 EMT Data Reporting VCA FR
OFEM110100 EMT Used VCA Methodology FR
OFEM110200 EMT Hyperlink to VCA Methodology FR
In accordance with the release of the EMT V4.3, these fields can be considered fixed and can be used from today.
Identifier concept – compatibility with FinDatEx
To enable a 1:1 alignment with the identifier approach adopted by FinDatEx, openfunds will introduce an alternative to its current identifier model for data transmission purpose. At present, each identifier is represented by a dedicated openfunds field (e.g., OFST020000 “ISIN”, OFST020040 “SEDOL”, OFST020010 “Valor”, OFST020015 “WKN”).
The newly introduced fields are not intended for data storage, for which openfunds recommends maintaining identifiers in their dedicated identifier fields, as a single fund or share class is typically associated with multiple identifiers simultaneously (e.g. OFST020000 ISIN, OFST020005 CUSIP, OFST020010 Valor, OFST020015 WKN, etc.).
The new option consists of two fields mirroring the FinDatEx structure, one field to specify the identifier type and a second field to capture the identifier value:
- OFST020001 Financial Instrument Identifying Data
- OFST020002 Financial Instrument Type of Identification Code
Fund Names
As part of a broader review, the whitepaper on fund names has been updated. To ensure clarity and consistency, corresponding adjustments will also be made to certain field descriptions, specifically OFST010020 “Legal Fund Name Including Umbrella” and OFST020060 “Full Share Class Name.”
Private Markets – Redemption Gates
One of the outcomes of the ongoing openfunds working group “Private Markets” who is reviewing the applicability of field definitions for private market instruments – such as private equity and venture capital funds – is the topic of redemption gates. In addition to the existing field OFST010270 “Has Redemption Gates”, openfunds will introduce several additional fields to further specify the relevant modalities.
Optimization of Subscription/Redemption fields
To accommodate use cases in which subscription and redemption information is linked not to the Valuation Date but to the dealing/trade date, as is common for semi-liquid instruments, openfunds will update the concept of the field groups described in the whitepaper Execution Fields: Notification and Settlement. An updated version of this whitepaper will be published alongside a comprehensive revision of the existing fields. In addition, two new string fields will be introduced to indicate whether subscription or redemption information refers to the Valuation Date or the trade date. For clarity, “dealing date” will be treated as a synonym for “trade date.”
- OFST410030 Subscription Reference Basis
- OFST410040 Redemption Reference Basis
Investor-specific Exclusion
One new field is proposed to be introduced to capture prospectus-related exclusion criteria based on investor characteristics such as domiciliation, residency, citizenship, or any other investor type (e.g., “US Investor”) as used in fund documentation. The field is designed as a multi-country field, enabling the structured identification of investor-specific exclusions across multiple jurisdictions.
- OFST6060XX Investor-specific Exclusion