European PRIIPs Templates (EPT)

The European PRIIPS Template has arisen from an initiative driven by investment industry bodies to try and come up with a standardised methodology for distributing PRIIPs information between themselves and to insurance entities.

priips kid sample fundsEPT Template v 1.0.1

(final draft of 19 Mai 2017)

 

 

There are a number of decisions each product manufacturer needs to take with regards to the EPT as follows:

 

Question 1:  Which file type(s) would you like to use to disseminate the EPT?

  1. Excel
  2. XML
  3. JSON
  4. TXT
  5. API
  6. A combination of the above

FundAssist supports all these formats.

 

Question 2:  Which file type(s) would you like to use to disseminate the EPT?

  1. Individual file per class
  2. Combined file per fund
  3. Combined file across all funds
  4. A combination of the above depending on the recipient

FundAssist supports all these options.

 

Question 3:  How often do you wish to disseminate the EPT?

  1. Monthly irrespective of whether numbers change
  2. Monthly only in months where figures change
  3. Quarterly irrespective of whether numbers change
  4. Quarterly only in months where figures change
  5. Other

FundAssist supports all these options.

 

Question 4:  How often do you wish to calculate the numbers?

  1. Monthly
  2. Quarterly
  3. Other

You may wish to calculate numbers only quarterly but to distribute monthly based on old numbers, unless ad-hoc update has been proposed.

FundAssist supports all these options.

 

Question 5:  Which type of data do you wish to provide?

  1. Unchecked calculated data
    Unchecked calculated data is regarded as data calculated based upon frequency in question 3, and is sent out irrespective of the result without client approval.
    _
  2. Approved calculated data
    Approved calculated data is regarded as data calculated based upon frequency in question 3 that is sent out after client review and approval. This means that the client is in control of all numbers that appear for their products.
    _
  3. Official data
    Official data is a process where the published data is the data that the client wants to appear on all documentation relating to their product.  The calculated numbers are compared to the published numbers and the published figures updated upon client request.  This means that the client is in control of all numbers that appear for their products but also that the same numbers are used in externally produced PRIIPs documents as are in their own.

FundAssist supports all these options.