FinDatEx has announced the release of EMT V4.2, which introduces significant enhancements specifically tailored for the UK market to improve transparency and regulatory compliance. Starting from June 30, 2024, the adoption of EMT V4.2 will become mandatory for all market participants in the UK, at which point EMT V4.1 will be officially retired.

The updated version, EMT V4.2, brings several key improvements. Among these are more detailed cost disclosures, providing investors with clearer insights into the fees associated with financial products. Additionally, the new version includes sections that are uniquely designed to meet the specific needs and regulatory requirements of the UK market. These enhancements align with the objectives of the Cost Transparency Initiative (CTI), ensuring that the financial industry upholds the highest standards of clarity and accountability.

At RiskConcile, we offer a robust EMT solution designed to streamline your compliance with the Markets in Financial Instruments Directive (MiFID). Our platform leverages golden source data, ensuring accuracy and reliability, and features seamless integration capabilities to make the transition to EMT V4.2 as smooth as possible. Go to https://www.riskconcile.com/solution/mifid-compliance for more

Costs related to open-ended funds:

10000_Financial_Instrument_Indirect_Costs_Open_Ended_Ex_Ante_UK: Ongoing costs relating to underlying open-ended funds (Included in ongoing costs reported in 07100). Example : Fund investing in another underlying fund

10030_Financial_Instrument_Indirect_Costs_Open_Ended_Ex_Post_UK: Ongoing costs relating to underlying open-ended funds (Included in ongoing costs reported in 08030)

Costs related to close-ended funds:

10010_Financial_Instrument_Indirect_Costs_Closed_Ended_Ex_Ante_UK: Ongoing costs relating to underlying closed-ended funds (Included in ongoing costs reported in 07100). Example : Fund investing in another underlying fund

10040_Financial_Instrument_Indirect_Costs_Closed_Ended_Ex_Post_UK: Ongoing costs relating to underlying closed-ended funds (Included in ongoing costs reported in 08030)

Costs related to real assets (in real estate funds):

10020_Financial_Instrument_Real_Assets_Costs_Ex_Ante_UK: Costs of holding, managing, operating, and maintaining real assets such as real estate and infrastructure. These costs are included in ongoing costs reported in 07100.

10050_Financial_Instrument_Real_Assets_Costs_Ex_Post_UK: Costs of holding, managing, operating, and maintaining real assets such as real estate and infrastructure. These costs are included in ongoing costs reported in 08030.

A final field is related to whether the a Client facing Disclosure is produced or not, to be more specific: 10060_Does_Financial_Instrument_Produce_Client_Facing_Disclosures_UK .