Fund administrators play an important role in the portfolio compliance testing process. They provide oversight of investment advisers to ensure that their selection of securities remains compliant with regulatory and prospectus investment limit restrictions after trades have settled. Unity Post-Trade Compliance automates this process, and efficiently supports growing demands by chief compliance officers and boards for daily testing. The system ensures data integrity while providing fund administrators with a solution specifically designed to support compliance testing processes in the post-trade environment.
Kirk Botula, executive vice president and COO of Confluence, said: Unity Post-Trade Compliance provides chief compliance officers and boards peace of mind, knowing that their funds are in compliance with investment limit restrictions required by regulations and fund disclosure documents.
Until now, fund administrators have relied on time-consuming, error-prone manual processes or systems not specifically designed for independent post-trade compliance testing. Unity Post-Trade Compliance automates the process to meet demands for more frequent testing and stringent controls.
