On Friday 4 February, FinDatEx launched a public consultation on the new European ESG Template (EET), which will be open for feedback until 25 February 2022. This consultation comes just under a month after the industry body announced its plan to release the first version of the EET in time for product manufacturers to provide completed templates by 1 June 2022, so to ensure distributors and insurance companies can receive the necessary data expected to be used as from August 2nd 2022 under Mifid II and IDD.
As ESG data and information is being published by data vendors and data intermediaries, it needs to be made available to investors prior to investment decision, and on a periodic basis. The objective of the new EET is to facilitate the exchange of ESG data between market participants as required in order to comply with European financial market regulation. Characterising funds from an ESG perspective is becoming more important than ever to contribute to growth in the distribution of funds, and the new EET will play a critical role in ensuring ESG data transparency.
Kneip is ready for the EET
With Kneip you can make sure to always stay ahead of the latest changes in regulatory compliance and market best practice. In our latest product release, we have upgraded our ESG solution, that is already setup for the SFDR disclosures, to support the new EET also. This means that our clients can already test the new template in our system today, and that we will be able to offer the EET service right away when it is officially endorsed by FinDatEx.
With Kneip our clients will be able to easily create, maintain and disseminate EETs for their funds. In addition, Kneip is offering an EET collection service to enable look through to target funds. Furthermore, the EET production can be seen as complementary to our EMT offering.
We have been reducing regulatory complexity and simplifying the distribution value chain for more than 20 years, and we have built a network of more than 500 asset managers who provide us with data and documents. This means Kneip clients benefit from our expertise in producing fund disclosure documents and have the opportunity to publish to more than 4,500 destinations.
Why trust Kneip with EET production, dissemination and collection?
- Ensure regulatory compliance and market best practice on ESG
- Facilitate data imports via flexible file formats on full and partial data sets
- Ensure annual certification of product governance with expiry date at ISIN level
- Expertise and active engagement in associations and industry working groups on ESG / EET
- Extensive network and relationship with data vendors and distributors to make your EET available where it needs to be to support fund distribution
- Connectivity to over 500 Asset Managers to collect EETs for look through purposes
Find out more about the new EET: watch the replay of our webinar with EFAMA and PwC.
Book your demo HERE, to learn more about the EET solution and the complete ESG offering of Kneip.