New York, NY (PRWEB) May 24, 2017 -- Advise Technologies, a leading provider of regulatory intelligence software and services, announced the release of an updated Markets in Financial Instruments Directive (MiFID) solution that will help affected investment managers meet their reporting obligations under MiFID II.
The updated solution, Advise MiFID TR, focuses on the regulation’s transaction reporting requirements, and includes a rules engine that identifies reportable transactions, automated data import and enrichment, data validations, approval workflows, and management reporting. The solution also includes functionality related to MiFID II’s transparency and position reporting requirements.
Advise also plans to offer MiFID II Approved Reporting Mechanism (ARM) services and has applied with the United Kingdom’s Financial Conduct Authority (FCA) for ARM status. The FCA has not yet authorized any MiFID II ARMs, but is expected to begin approving applications in July 2017.
MiFID II introduces new reporting obligations and expands existing requirements for investment firms operating in the EU. In combination with MiFIR, MiFID II is much broader in scope and content than the MiFID I reporting regime that is currently in place.
“MiFID II’s daily reporting requirements are very challenging for firms impacted by this regulation,” said Adam Capon, Advise’s Managing Director and Head of Client Services. “Our automated solution is ready to streamline the reporting process.”
In addition to the MiFID II reporting solution, Advise will also offer support for other regulations that include transaction reporting requirements, including EMIR, REMIT, SFTR, FinfraG, MAS, SDR, and more.
About Advise MiFID TR
Advise MiFID TR is an updated MiFID II solution. It eases the burden on affected investment managers by offering services related to transaction reporting, transparency reporting, and position reporting.
Advise Technologies, a CSS company, is a premier provider of reporting and compliance software for investment managers. With four flagship products – Consensus, Notes, Signal, and Vault – it provides innovative solutions to the regulatory and operational challenges faced by clients. Advise was founded in 2010 and is headquartered in New York with offices in major European financial centers. For more information: http://www.AdviseTechnologies.com
John Bobis, Advise Technologies, http://www.advisetechnologies.com/, +1 212 576 1170 Ext: 321, [email protected]
SOURCE Advise Technologies