(Noted in the meeting: have a manual for in Portuguese, are not using MyStandards at present.) Brazil will submit changes request for ISO for the account management messages. See maintenance section. Spain No real market practice, trying to activate a group. Does not have any input on Spanish market yet. Account Management Market Practice on MyStandards Over the previous months, the existing market practice (based on 2014 base messages) has been migrated to the 2015 base messages. Andrea Milanesio (IT) and Svein Borgersen (NO) reviewed the components introduced with the 2015 version of the standard and determined whether the elements should be left as option or set to ‘do not use’ for the SMPG IF market practice. New Elements in 2015 version of the standard: Sequence Element Name CR # ISO CR # SWIFT Allowed in global practice Instruction Details Client Reference 417 897 Yes Counterparty Reference Yes Account Parties / .. / Organisation Tax Identification Identification 424 901 Yes Tax Identification Type Yes Issuer Yes Issue Date No Expiry Date No Issuer Country Yes Account Parties / .. / Individual Person Other Identification / Type / Code ATIN 423 900 Yes GTIN Yes ITIN Yes Other Identification Issuer Country 422 899 Yes Account Parties / .. / Investor Profile Validation Know Your Customer Database Check 421 904 No: SET TO ALLOWED FATCA Form Type 425 902 Yes FATCA Status 426 903 Yes Savings (+ Withdrawal) Investment Plan / Security Details Quantity Amount 419 907 Yes Unit Percentage Plan Status 418 906 Yes Instalment Manager Role 420 908 No It was agreed that the updated market practice be uploaded to MyStandards and set to public.
existing users. Need input from SEG Funds Evaluation Team. Non-resident register regulatory Same as one in Individual Person so can be in the common part of ‘party’ Legal Structure Max10 text (Public/private/investment fund) Market Capitalisation Amount Date Net Equity Amount Date Linked Company indictor Repetitive. Indicates whether the company has a connection/s with the trading firm (broker). (In actuality the account servicer.) Code word list. Identification An identification element is already present – ‘other identification’ seems to be the requirement. Similar to ‘Other identification’ in Individual Person Specific Contract Type Information [0..n] Account - HFT – high frequency trading account, Contract type status (status of account)- enabled, suspended LEI – add into Party/Organisation/Identification and Individual/Identification The group agreed that it was time to added LEI into the account management messages for Individual Person and Organisation. Party Identification 2 Choice will need to be replaced by a component that allows a choice of BIC , Proprietary Identification, Name And Address and an optional LEI. Data Protection Data protection concerning private individuals’ – does SWIFT standards have to address this in the message. If yes, how is it address. For instance, is it likely (at some in the future) that the sender of a message has to indicate whether it has stored the data? Action: Question to be addressed to S. Lindsay, Head of SWIFT Standards. Order Messages For the order messages, it is VERY unlikely there will be a maintenance for 2016. Most agreed this was simply too soon. Luxembourg has indicated that a new release for 2017 would be the earliest date to consider.