Originally appeared in MiFID Monitor
Wolters Kluwer Financial Services has purchased Compliance Online, an online compliance information provider focused on regulatory information, analysis, news and value-added commentary for the UK’s financial services market.
Compliance Online provides UK customers with explanatory regulatory information to help the customers understand how to conduct business under the Financial Services Authority (FSA) rules and guidance. Compliance Online’s suite of content solutions includes summaries, commentary and interpretation of FSA regulations in the form of news analysis, daily articles and compliance calendars.
Brian Longe, president and chief executive officer for Wolters Kluwer Financial Services, explains: “Global market expansion by financial firms and increased regulatory complexity are driving demand for compliance solutions with broad product and jurisdictional coverage. The combination of Wolters Kluwer Financial Services’ and Compliance Online’s content and tools presents a powerful compliance offering to financial institutions in US and UK markets.”
Compliance Online’s customer base will also have access to Wolters Kluwer Financial Services’ securities compliance solutions, says the firm. Wolters Kluwer Financial Services currently offers several regulatory compliance products in the UK. This includes its corporate action reporting tool, Capital Changes, and software that monitors the personal trading activities of a securities firm’s employees, dubbed Examiner.
Wolters Kluwer Financial Services also offers the Legal Compliance Services solutions from international law firm Linklaters’ Blue Flag product suite.
Daryl Peagram, the founder of complianceonline.co.uk, who will join Wolters Kluwer Financial Services as operations director and managing editor for the UK and Europe, comments: “Joining Wolters Kluwer Financial Services means that our customers will have access to an even broader array of content and tools to help ensure they are conducting business within regulatory guidelines. With a shared commitment to meeting the evolving needs of the financial services market, Compliance Online and Wolters Kluwer Financial Services will be able to help our customers continue to operate even more efficiently and reduce regulatory risk.”
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