2020 has been the year of change, including EMTs
2020 has been nothing short of eventful and full of change. But whilst we’ve all been adapting to a new way of living and working, another change has crept up on us, in less than a month – European MiFID Template (EMT) 1.0 is moving to EMT 3.0.
European MiFID Template (EMT) 1.0 is moving to EMT 3.0.
Before we dive straight into how to prepare for this, let’s take a step back and remind ourselves of what this means and why it’s important.
The European MiFID Template was designed by the financial industry in response to requirements introduced by MiFID II. It enables manufacturers of financial products to provide all necessary information to distributors in a standardised format. The first version of the EMT was drafted by the European Working Group. Today, Financial Data Exchange (FinDatEx) coordinates its maintenance and development.
On 10 December 2019, FinDatEx endorsed a third … Read the rest