OFEM010200 – EMT Professional Investor Type

Might this share class from a producer's perspective being marketed to a professional?

Under MiFID regulation, a professional investor is regarded to have the experience, knowledge and expertise to take investment decisions by its own. Therefore, from a target market point of view, if "OFEM010100 EMT Client Type Retail" was answered with "yes", usually this field should be answered with "yes", too.

yes - both Professional Per Se and Elective Professionals are compatible. no - neither Professional Per Se nor Elective Professionals are compatible. professional per se - Professional Per Se is compatible but Elective Professionals are not (this is only used if the distinction "Per Se" is made in the Prospectus) elective professional - Elective Professional is compatible but Professionals Per Se are not.

MiFID defines the following as professional investors (Annex II, I(1)-(4)): (1) Entities which are authorised or regulated to operate in the financial markets, like: (a) Credit institutions; (b) Investment firms; (c) Other authorised or regulated financial institutions; (d) Insurance companies; (e) Collective investment schemes and management companies of such schemes; (f) Pension funds and management companies of such funds; (g) Commodity and commodity derivatives dealers; (h) Locals; (i) Other institutional investors;

(2) Large undertakings meeting two of the following size requirements on a company basis: — balance sheet total: EUR 20 000 000 — net turnover: EUR 40 000 000 — own funds: EUR 2 000 000

(3) National and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations.

(4) Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions.

// The correspondent MiFID II field introduced by the European Working Group with their MiFID Data Dictionary Template (EMT) is: EMT: 01020_Investor_Type_Professional. This is a Mandatory EMT field.//

Allowed values

yes, no, professional per se, elective professional

FundsXML 4 mapping

FundsXML EMT block:

• RegulatoryReportings/…/FinancialInstrument/TargetMarket/InvestorType/Professional

The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.

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