With new regulations requiring manufacturers to exchange more data with their distributors, the industry is faced with a new infrastructure burden.
What if this could become a new business opportunity?
This is exactly what our Regulatory Hub presents.
A simple, hassle-free solution for distributing data and documents with your entire retail network.
Our automatic system lets you scale up your distribution so you can handle high volumes efficiently and easily.
Add entitlements to ensure the right people receive the right documents, and keep your product governance compliant.
A single, hassle-free solution connects you to all data and documents from product manufacturers.
Reporting and 10-year archiving ensures compliance and speedier audits for your organization.
Convenient reporting back to manufacturers without any additional connections and interfaces.
Under MiIFID II, PRIIPs and similar regulations like UCITS and FIDLEG, firms will be required to profile investors, ensure they only offer them suitable products during the advisory process, produce and hand out regulatory documents and report transparently on transactions.
MiFID II and PRIIP define new roles and responsibilities for product manufacturers and buy-side firms. This means that firms need to consider how to manage bilateral information flows between the buy- and sell-side for the first time.
Without a common understanding of how to do this, the sell-side will be faced with significant costs in order to create and maintain multiple connections to their distribution network, while the buy-side faces the burden of having to integrate data feeds from all the manufacturers featured on their product shelf.
Firms must also be able to meet reporting obligations, requiring access to data and information from across the trade lifecycle in both directions.
To avoid resource-intensive manual intervention to reconcile data from multiple sources, firms need to establish an automated and standardized approach to exchanging data and information.
Significant overlap in the regulations means that establishing common standards will be critical to efficient, cost-effective compliance, by facilitating automation and speeding up the flow of information and data.
Our Regulatory Hub connects the buy-side and sell-side with each other so product related data and documents can be exchanged in a standardized way.
Built to accommodate multiple regulations, the service is capable of handling data, metadata and data mapping, as well as documents.
The Regulatory Hub service provides use-case driven content packages and services for investor protection compliance, including document generation and distribution for manufacturers, document retrieval for retail advisors, and target market assessment and reporting for the buy-side.
Faster flow of information and a reduction in duplicate workflows thanks to multiple views of data. For example, manufacturers can submit data in “PRIIP view” which covers 80% of the data required for MIFID II investor protection.
A standardized format in which to provide data through SIX, so they can disseminate data about target market criteria as well as KIDs in a way that is easy to process for their distribution network.
Gain clear overviews of sellable products specific to client profiles along with access to pre-sales.
Documents are directly available within banking and e-banking systems.
Convenient sales reporting back to manufacturers using a single interface.