The easy way to deliver and sell investment funds.
In an initiative to improve process efficiency in European domestic and cross-border fund markets, EFAMA (European Fund and Asset Management Association) has formed the Fund Processing Standardization Group (FPSG), with the aim of identifying the obstacles to efficiency and recommending solutions. To this end, the FPSG has designed the so-called Fund Processing Passport. The FPP is a web-based, fully harmonised pan-European document, that contains all the important operational information about a given fund. The new "passport" provides essential product data to fund distributors and investors. Investment companies have to create an FPP for every class of fund shares/units that has its own ISIN, concerning their domestic market.
Master data and country-specific information on funds
The FPP has 105 information fields. Fields 1 to 77 contain core data about the fund's distribution, transfer agents and contact data of the fund management company and its service providers. Fields 78 to 105 relate to country-specific appendices for the distribution of the fund.
OeKB's role
On behalf of the Austrian fund companies - represented by the national industry association, the "Verband Österreichischer Investmentfondgesellschaften" (VÖIG) - OeKB is responsible for collecting the data for the Fund Processing Passport and disseminating the FPP itself. The data is available at Profitweb (in German only) as well as at the FPP Portal on EFAMA's website, where OeKB occurs as a Primary Provider.
Central access to all European FPPs
EFAMA provides a central access to all existing European FPPs through its website. With this portal EFAMA aims to achieve one of its main goals - to create an effective European internal market for investment funds.