The current suite of data delivery templates covers a range of UK and European requirements. The templates will be reviewed on a periodic basis and updates will be issued where appropriate.

Latest News

14 March 2022

EU: Launch of the new European ESG Template (EET) and version 4 of the European MiFID Template (EMT).

8 February 2022

EU: Launch of version 2 of the European PRIIPs Template (EPT).

31 January 2022

UK: Launch of the new Carbon Emissions Template (CET).

UK Initiatives

Supporting pension schemes

In the UK a number of templates have been developed with the aim of providing information to pension schemes in standardised formats.

Most recently, members of the PLSA, ABI and IA worked together to develop a template for investment managers to deliver TCFD data to pension schemes.

Other initiatives include the Cost Transparency Initiative (CTI), aimed primarily at standardising cost disclosures for DB pension schemes, and the DC workplace pensions template, designed to fulfil investment manager's obligations under COBS 19.8 regarding the provision of transaction cost data.

Carbon Emissions Template (CET)

A Joint PLSA/ABI/IA Working Group developed the Carbon Emissions Template (CET) to help pension schemes meet their obligations under the Climate Change Governance and Reporting Regulations, and associated DWP Statutory Guidance, and to help insurers and investment managers fulfil their obligations under the FCA’s new ESG Sourcebook as set out in PS21/24.

The first phase of the group’s remit was to create a standard template and data specification to provide pension schemes with the core data required to calculate the three mandatory metrics and to make the required disclosures about data coverage and data quality.

The template provides a detailed specification of a standardised data set to be transmitted in the form of a delimited text file. This enables flexibility for recipients when processing the data and performing their own calculations. It should be used to provide data for use by pension schemes in relation to their scheme years ending 31 December 2021, with the first sets of data expected to be made available by investment managers at the end of the first quarter.

We have also created excel input sheets to help prepare CET data in a standard format.

It is intended to commence the second phase in the second quarter of 2022 to look at implementation experiences, additional metrics, more recent regulatory developments, and emerging best practice.

Last update: 23 May 2022

Cost Transparency Initiative (CTI)

The CTI launched a new cost transparency framework in May 2019 aimed primarily at DB pension schemes. The framework builds on proposals put forward by the IA in March 2017 and the recommendations of the Institutional Disclosure Working Group (IDWG) in June 2018. The framework is underpinned by the Institutional Cost Template (a machine-readable codification of the data set). An excel datasheet also provides a visual representation of the data fields.

  • The "Data Loader" tool enables data output in the Institutional Cost Template (ICT) format (machine-readable data string) to be converted into the main account template format (human-readable excel sheet).
  • The "Monetary Inputter" tool allows manual input of monetary amounts into the main account template and for these amounts to be converted to percentages. This is aimed primarily at segregated mandates.

Additional guidance for real estate funds can be found on the AREF website.

DC workplace pensions (DCPT)

A joint ABI/IA working group developed the DC Workplace Pensions Template (DCPT) and the Fair Value mid-Price Template (FVPT) for the purpose of providing insurers with transaction costs data in accordance with COBS 19.8.4R. DCPT V1.0 was issued in December 2017 and FVPT V1.0 was issued in May 2018.

The IA and ABI modified the DCPT to take account of changes to the rules in COBS 19.8 and issued DCPT V1.1 issued in April 2020. The changes are minor and affect only the definitions of existing fields 02010 and 02080. DCPT V1.1 should be used only when reporting for periods ending on or after 1 April 2020.

European Initiatives

Financial Data Exchange (FinDatEx)

FinDatEx (Financial Data Exchange) is a joint structure established by representatives of the European financial services industry with the view to coordinate, organise and carry out standardisation work to facilitate the exchange of data between stakeholders in the application of European financial markets legislation, such as MiFID II, PRIIPs, Solvency II and SFDR.

FinDatEx’s mission is to support the development and use of standardised technical templates to facilitate the exchange of data between stakeholders in the application of European Financial market legislation. To find out more and to sign up for information from any of the working groups, please visit findatex.eu

MiFID II working group (EMT and EFT)

FinDatEx issued version 4 of the European MiFID Template (EMT V4) in March 2022 together with the new European ESG MiFID Template. FinDatEx recommends providing version 4 of the EMT from 1 August, in order to support the MiFID delegated act that applies from 2 August. EMT V4 replaces both V3 and V3.1 with effect from 31 July 2022.

FinDatEx issued the European Feedback Template (EFT V1) in December 2020. This template standardizes the information to be sent back from the distributor to the manufacturer under the MiFID II target market requirements.

Last update: 14 March 2022

ESG working group (EET)

FinDatEx issued the new European ESG Template (EET V1) in March 2022 together with version 4 of the European MiFID Template (EMT V4).

FinDatEx recommends providing the sustainability preferences aspects of the EET (see column F) from 1 June, and version 4 of the EMT from 1 August, in order to support the MiFID and IDD delegated acts that apply from 2 August.

FinDatEx has provided a series of recorded presentations to accompany the EET in addition to a series of explanatory slides.

Last update: 6 May 2022

Solvency II working group (TPT)

Version 6 of the tripartite template (TPT) is valid from 31 March 2022, and replaces version 5 from 30 June 2022.

For more information see our circulars to members:

PRIIPs working group (EPT)

FinDatEx issued version 2 of the European PRIIPs Template (EPT V2) in February 2022 reflecting the revised EU RTS published in December 2021. EPT V2 is intended to be used for products sold in the EEA from January 2023 onwards.

Discussions are ongoing within the working group to establish an appropriate timeframe for implementing version 2 and further guidance may be adopted by FinDatEx in due course.

Last update: 8 February 2022