FundsXML is an open, royalty-free XML data standard for exchanging fund data across the European fund industry. It gives asset managers, administrators, distributors, custodians, data vendors and authorities one common format to share fund information – across companies and across borders. Originally driven by leading fund-industry companies, FundsXML has grown into the pan-European format for business-to-business and business-to-consumer data exchange in the mutual fund sector – covering everything from fund set-up and registration to ongoing electronic reporting.