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MiFID II EMT & UK DCPT
Deloitte Solutions for EMT
MiFID II extends the scope of reporting obligations across investment services, and UK DCPT provides a similar framework
MiFID II has come into force on 2 January 2018 and has revealed the issues everyone expected: trying to produce and disseminate EMT data exchange files to ensure the continuation and expansion of fund distribution to retail investors in Europe.
The UK workplace pension Policy Statement PS17/20 came into effect on 3 January 2017 and requires the reporting of costs from investment products in a specific format.
The reporting for the European MiFID Template (EMT) is split into 66 fields, and the UK Workplace Pensions Template (DCPT) is split into 30 fields. Both reportings are spread across three sections, with some common information.