The European MIFID Template was designed by the financial industry as a response to requirements introduced by MIFID II, to enable manufacturers of financial products to provide all necessary information to distributors. The first version of the EMT was drafted by the European Working Group, and it has since been taken over by the Financial Data Exchange (FinDatEx).
From 1.0 to 3.0
EMTs are changing
Are your EMTs compliant?
What’s happening with the EMT?
On 10 December 2019, FinDatEx endorsed a third version of the EMT. Whilst this new version builds on the existing one, it includes new sections, new fields, changes on existing fields, requirements changes and value changes on existing fields.
What’s the impact?
Two main things. Fund manufacturers need to get ready to provide to their distributors and data providers the new EMT 3.0. And they also need to be able to manage both versions in parallel during that transition period.
When is the deadline for switching to EMT 3.0?
10 December 2020.
So what version should be used until then?
It depends. We’ve entered a year-long transition period when both versions of the EMT can be used.
Where can I find more?
Watch our live webinar and hear directly from Mario Mantrisi our Chief Strategy and Knowledge Officer, and Calum Muskett our Chief Commercial Officer as they explain: as they explain what’s changing and how your teams will be impacted, how not to fall for the target market pitfall and what you need to do today to get ready.
Register for our London event on the 11th of March
Download our EMT 3 checklist