About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Broadridge Partners with FundApps for Shareholder Disclosures, Limits Monitoring

Subscribe to our newsletter

Broadridge Financial Solutions has integrated FundApps’ regulatory compliance technology with its portfolio and order management solution. The arrangement adds a set of capabilities around shareholder disclosures and limits monitoring to Broadridge’s buy-side product line-up.

Broadridge calls FundApps “a unique regulatory compliance solution that addresses managers’ needs across shareholder disclosures, sensitive industry monitoring and position limit reporting, removing operational challenges in their search for alpha.” FundApps recently urged regulated entities to focus on new position limits rules emerging from the CFTC.

Broadridge’s portfolio and order management solution offers an integrated approach to modelling and executing trades and tracking portfolios in real-time, and helps firms ensure their compliance and operations are up to date. Global hedge fund and asset management clients use Broadridge’s automated processes to improve data quality and manage compliance requirements, allowing them to focus on earning returns for clients. Now they will benefit from FundApps’ compliance-as-a-service solution that automates compliance monitoring and reporting.

The combined capabilities will provide clients the ability to leverage a fully automated interface that will support the daily updating of client holdings in the FundApps system, and maintain a complete and up-to-date global database of companies and regulatory rules. The enhanced platform offers solutions to clients seeking to avoid fines and reputational damage, reduce reporting time, retire legacy software and prove their adherence to regulatory requirements.

FundApps’ relationship with Broadridge appears to have had its genesis at BennBridge, a UK-based multi-boutique investment firm that strategically partners with fund managers and is part of the BFM Group, which operates as Bennelong Funds Management in Australia.

According to Ben Battye, head of operations at firm, which has offices in London and New York, “We deal across multiple global equity markets and, as a result, are continually faced with changes to regulatory compliance requirements that can create complex challenges. By using the FundApps solution, integrated with Broadridge’s portfolio and order management system, we are able to automate many facets of our substantial shareholding disclosure process. This allows us to focus our time on other critical parts of the business.”

For Broadridge, FundApps’ automated solutions can help “remove operational challenges for our clients,” according to Eric Bernstein, president of the company’s Asset Management Solutions group. “The global regulatory landscape has become increasingly more complex over the past several years, and as firms expand into new geographies, managers need to prove their strict adherence to those regulatory requirements. This strategic partnership allows firms to spend less time on operational and compliance issues and more time on managing assets and outperforming the competition.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to ensure employees meet fit and proper requirements under global accountability regimes

Date: 17 September 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Fitness and proprietary requirements for employees of financial institutions are not an option, but a regulatory obligation that calls on employers to regularly assess employees’ honesty, integrity and reputation, competence and capability, and financial soundness. In the UK, these...

BLOG

Regulations for UK Digital Securities Sandbox Come into Force on 8 January 2024

Regulations for the UK’s first Digital Securities Sandbox (DSS) will come into force on 8 January 2024, enabling financial market infrastructures and new entrants to experiment with developing technologies in a more flexible legal and regulatory environment than the existing framework. To date, the government says it has received 19 expressions of interest from financial...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Institutional Digital Assets Handbook 2023

After initial hesitancy, interest in digital assets from institutional market participants has grown over the past three to four years. Early focus inevitably centred on the market opportunities presented by bitcoin and other cryptocurrencies. But this has evolved into a broad acceptance of a potentially meaningful role for digital assets in institutional markets. It’s now...