Fund Data Converter
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OFST701065 – Is Fund Invested in Inherently Illiquid Assets
Is the fund an FIIA (Fund Invested in Inherently Illiquid Assets) according to the definition in FCA Policy Statement PS19/24. Funds investing in inherently illiquid assets are those that have invested (or intend to invest) at least 50% in illiquid assets for at least 3 continuous months in the last 12 and that have not aligned the dealing frequency with the expected time to liquidate assets. Funds with limited redemption frequency do not have to be classified as FIIAs.
Full details can be found in the Policy Statement at https://www.fca.org.uk/publication/policy/ps19-24.pdf.
The changes will apply from 30 September 2020, but groups can apply them earlier if they are concerned about customer detriment.
| Property | Value |
|---|---|
| OF-ID | OFST701065 |
| Name | Is Fund Invested in Inherently Illiquid Assets |
| Area | Static data |
| Level | Fund |
| Format | yes / no |
| Tags | GB, Full |
| Introduced in | openfunds 1.26 |
Allowed values
yes, no
Example
yes
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST701065 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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