acarda is ready to produce the template for disclosure of fund costs and charges to institutional investors for UK asset managers. The newly launched “Main Account Template” of the Cost Transparency Initiative (CTI), a UK industry working group, is even supported by the Financial Conduct Authority (FCA) as an observer.
WM Datenservice (WM) expects asset managers to produce three special files for MIFID II target market definitions and the ex-ante / ex-post fund costs, since WM doesn’t accept the European MiFID II Template (EMT) as input to its platform. acarda offers asset managers the service to digitally convert their EMT to the specific WM standard for MiFID II.
Gerhard Jovy, founder and managing partner of acarda: “We are proud to be a partner of the BVI AMK for the first time in September 2019. During AMK 2019 we will explain our EMT and EPT conversion and distribution services.”