EU financial services organisations (including EFAMA, EBF, Insurance Europe, ESBG, EACB and EUSIPA) have launched the FinDatEx (Financial Data Exchange Group). FinDatEx replaces the European Working Group (EWG) and will take over the development of MiFID II, PRIIPs and Solvency 2 templates. 

FundConnect/PRIIPsHub welcomes the initiative and we look forward to a fruitful cooperation. 

Find more information here.

By Jens Jørgen Holm Møller, Experienced executive - international expert in asset management and business strategy

In January 2019, I finalized the first European survey on how to ensure quality in the annual ex post reporting, that is mandatory according to MiFID II. I am very grateful, that fund associations and market participants in Germany, France, UK, Luxembourg, Belgium, Sweden, Norway and Denmark participated in the survey. The countries cover 66% of the AUM in European UCITS; hence, the survey gives a good picture of the current state of affairs in ex post reporting and the challenges that lie ahead.

Insurance Europe and the European Fund and Asset Management Association (EFAMA) are calling on the European Commission to extend the expiry date of PRIIPs derogation for multi-option products (MOPs) to match the expiry date of the UCITS derogation from the PRIIPs regulation, which is 1st January 2022. Read more here.

Find the joint letter to the European Commission and the EIOPA here.