The tip of the yr is quick approaching, and monetary corporations within the European Union (EU) are gearing as much as lodge their compulsory finish of yr experiences underneath the brand new MiFID II regulation. To assist with this, Broadridge Monetary Options, a supplier of enterprise intelligence for the asset administration trade, introduced at the moment that it has launched a brand new resolution which is able to assist funding corporations with their ex-post reporting obligations.
Below Article 50 of the MiFID Delegated Regulation, funding corporations are required to offer annual ex-post info. This contains details about all prices and prices for each the monetary devices and funding providers they provide. For this yr, the experiences should be lodged by the tip of April 2019.
To assist corporations meet this deadline, Broadridge’s resolution will mix and course of knowledge relating to buyers and merchandise. Particularly, it’ll calculate the personalised value info after which create finish investor statements.
This reporting resolution is the most recent of a collection of MiFID II-related providers developed by Broadridge’s FundAssist enterprise. Already, its new resolution has generated the curiosity of 1 worldwide funding agency. Nevertheless, Broadridge didn’t specify which firm.
Commenting on the brand new resolution, Patricia Rosch, president of Broadridge’s Worldwide Investor Communication Options enterprise, mentioned: “MiFID II compliance provides to the dimensions and complexity of regulatory change affecting corporations working in European jurisdictions. Delivering proprietary end-to-end options, primarily based on superior know-how and mixed with our distinctive depth of regulatory experience, helps funding corporations handle this extremely advanced regulatory situation and be ready to capitalise on what’s subsequent.”
Broadridge acquired FundAssist
Earlier this yr in March, Finance Magnates reported that Broadridge had acquired FundAssist Restricted. The acquisition permits it to compose, handle and distribute digitised regulatory and disclosure paperwork for fund managers distributing in Europe.