Equity Long only UCITS fund, an asset management client of SP consulting was confronting a challenge of managing manual process of UCITS compliance. Pitfalls of manual procedure are:
SP consulting with its compliance expert team came up with a solution of automated UCITS compliance system. An overview of the eligible investments and associated investment restrictions is stated in compliance system.
We identify different portfolio allocations and classify them into distinct types such as securities, money market and OTC derivativities. Their exposure is calculated. The resulting net asset value is combined and identified whether it is close to the set limit or exceeding the limit.
SQL queries are generated to retrieve the data quickly and efficiently. Excel VBA is used to upload the daily portfolio allocations.
If any of the terms and conditions are not followed by the fund it is the breach of UCITS IV regulations and an automated email alerts are sent to the clients.
Benefits endeavored by automated compliance system:
Our asset management regulatory team can assist you at any stage of the life cycle of UCITS compliance.
Equity Long only UCITS Fund
Risk and Compliance
Automated and integrated compliance system to monitor the eligibility of funds and investment restriction within the current regulatory framework of UCITS IV.