The Investment Association and a range of other bodies have provided information to encourage better standardisation and efficiency in the industry.
Fund Processing Passports (FPPs) provide reference information about a large number of funds – primarily to help financial institutions when buying or selling fund units.
The Investment Association has established a central repository for FPPs in the UK, which fund managers have been invited to populate. The repository can be searched and individual FPPs downloaded.
The Securities Market Practice Group also produces a range of useful documents.