Satisfy your stakeholders with tailor made compliance processes
The Compliance Department of any financial institution has a hefty and burdensome task delegated to them. It is responsible for identifying, preventing, monitoring, detecting and resolving any internal or external compliance risks.
With the FA Platform we enable you to create, modify, and classify compliance rules based on your needs directly through the user interface, as well as display or report the results of compliance checks in the Platform. Your pre-trade and post-trade compliance processes are defined based on your needs with the help of our decades of experience. For example, the rules for a Pension Fund are different than the rules for Banks, Asset Managers and Fund Managers. There is a growing pressure for all to have the right tools to control the business.
FA Solutions’ Compliance breaks down into three distinct categories: Portfolio, Companywide, and Regulatory Compliance features. Below you will find a single feature highlighted from each category.
User-defined limit definitions. Limits allows you to flexibly set up limit definitions, or rules your portfolio’s contents should fulfill, and analyze limits to see if any of your limits are breached. For example, a limit can state that holdings emitted by a single issuer should not exceed 35% of your portfolio’s total value – when analyzed, the limit can pass as OK, be breached or induce a warning. Limits is especially useful for compliance with the UCITS directive for certain funds. However, limits can extensively be used to maintain and follow any kinds of investment limits for various purposes, such as compliance, investment policy and diversification.
User permissions. Each user has their own user ID and password. Through this we are able to derive an audit trail and create different user permissions. These permissions define what a user can view, modify, create, delete, or launch within the FA Platform, allowing distinct differences in each user’s experience within the FA Platform. For example, in a larger asset management company, an asset manager can only view their own clients within our Platform. This asset manager’s team can only perform trades or produce reports for the clients that they are allowed to see. All of this can be edited through the user interface by administrative or compliance users.
The FA Platform is MiFID II, MiFIR, FATCA/CRS and GDPR compliant, to name a few. The measures we take to comply with each regulation are listed below.
- MiFIR – Transaction reporting (TRS2)
See more information about that below in the MiFIR section.
- Monitoring – Portfolio/asset value monitoring
This process is used to generate warnings concerning portfolio/asset value drops in excess of 10% since the previous report/warning.
- Costs – Ex-post costs and charges
Report showing breakdown of realized costs and charges on the portfolio according to the ESMA classification: One-off charges, Ongoing charges, Transaction charges, Ancillary services, Incidental costs, third-party payments and other costs. Costs and charges are grouped by Investment services, Financial Instruments and Total costs and charges. In addition, the report shows the return of the portfolio (TWR) before and after costs and charges.
FA customers can notify the DPO (Data Protection Office) firstname.lastname@example.org regarding any GDPR concerns. Our DPO will analyse the issue(s) and decide what actions need to be taken immediately. If a security breach does arise, the DPO at FA will immediately inform our customers what information was affected. Notification will be sent through email to the address given by the client company.
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Top things to know:
|1||Control the business processes|
|2||Meet the regulatory demands in Sales, reporting and mandate management|
|3||With us you’re the one to set the limits of your business|
|4||Have a full audit trail|
|5||Automated back ups without technical hassle|
|6||Full control of various access rights|
|7||On demand reporting and compliace controll|
|8||Online and mobile use of system|
|1||Integrated CRM module with client and investor data|
|2||Real time position, transaction and performance information|
|4||Dashboards for summary data at a glance|
|5||Advanced query and search capabilities|
|6||Business intelligence reporting capabilities|
|7||Automated reconciliation of trade information, settlement data, transactions and positions|
|8||GIPS-compliant composite reporting and maintenance|
|9||Outsourced reconciliation and data management option|
|1||one software platform for investment management|
|2||the ready availability of your business|
|3||always the latest release included in monthly fee|
|4||continuity and security plan|
|5||additional features and modules as your business grows|
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Fondita Fund Management Company Ltd.August 5, 2015Fondita selected FA for fund administration and client management.
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