The end of the year is fast approaching. With this, financial firms in the European Union (EU) are gearing up to lodge their obligatory end of year reports under the new MiFID II regulation. To help with this, Broadridge Financial Solutions, , announced today that it has launched a new solution which will support investment firms with their ex-post reporting obligations.
Under Article 50 of the MiFID Delegated Regulation, investment firms are required to provide annual ex-post information. This includes information about all costs and charges for both the financial instruments and investment services they offer. For this year, the reports must be lodged by the end of April 2019.
To help firms meet this deadline, solution will combine and process data of investors and product. Specifically, it will calculate the personalised cost information and then create end investor statements.
This reporting solution is the latest of a suite of MiFID II related services that have been developed by Broadridge’s FundAssist business. Already, the new solution from the company has generated the interest of international investment firm. However, Broadridge did not specify which company.
Source: LinkedIn
Broadridge acquired FundAssist
Earlier this year in March, that Broadridge had acquired FundAssist Limited. Its purchase of FundAssist allows it to compose, manage and distribute digitised regulatory and disclosure documents for fund managers distributing in Europe.
Be First to Comment