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Fund Processing Standardization
EFAMA established in 2003 the Fund Processing Standardization Group (FPSG) with the aim of developing recommendations for improving efficiency in the cross-border processing of fund units and shares. The FPSG is made up of expert practitioners representing the European investment funds industry, i.e. fund management companies, custodians, transfer agents, fund processing hubs and existing standard setting organizations. The FPSG published its first set of recommendations in February 2005. A new report was published on 24 March 2011, consolidating the recommendations published in 2005 and updated in 2008, and extending the recommendations in two key areas, i.e. Transfers and Corporate Actions.