The Investment Association and a range of other bodies have provided information to encourage better standardisation and efficiency in the industry.

UK Fund Market Practice Group (UKFMPG)

UKFMPG is a national constituent of the Global Securities Market Practice Group (SMPG). The objective of the UKFMPG is to facilitate more efficient processing in the UK investment industry by publishing standards for electronic interactions between financial services organisations. UKFMPG standards are based on the ISO20022 message standard and are published on the SMPG website (www.smpg.info) and MyStandards website (www.swift.com/mystandards)

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