Wolters Kluwer Financial Services’ Compliance Passport Helps Investment Firms Automate Regulatory Reporting Process for Multiple Jurisdictions

WALTHAM, Mass.--(BUSINESS WIRE)-- Wolters Kluwer Financial Services has announced that Compliance Passport, a tool that helps financial professionals access, identify, interpret and comply with jurisdictional variances in regulation, now provides regulatory reporting functionality for investment firms.

Compliance Passport’s Regulatory Reporting System helps investment firms with significant investment positions in foreign jurisdictions monitor the total holdings by jurisdiction and understand the regulatory requirements of various countries. It helps manage the investment risk associated with foreign holdings by aggregating positions across multiple funds, accounts and managers. Compliance Passport’s Regulatory Reporting System also monitors positions in real-time, tests positions against regulatory reporting rules of specific jurisdictions, and alerts firms before a reporting threshold is reached.

In addition to providing key regulatory intelligence for multiple countries, the Regulatory Reporting System also generates required filing documents automatically and provides an historical audit trail of filings.

“Monitoring total holdings across an enterprise and by jurisdiction is a very time-consuming process for investment firms—particularly those with multiple portfolio managers and a variety of investment vehicles,” said Anna Monteiro, senior director of Global Regulatory Solutions at Wolters Kluwer Financial Services. “With more firms investing in the global marketplace, we have made a continued commitment to offer solutions that help their staff manage disclosure risk through a deeper understanding of regulatory obligations and matching that with superior analytics to eliminate manual errors and improve efficiency.”

Compliance Passport’s Regulatory Reporting System complements Compliance Passport’s shareholding disclosure application that was introduced earlier this year.

For more information, visit www.compliancepassport.com.

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with offices in more than 20 countries and is the world’s largest compliance and risk management business focused on financial services, with more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2009) €3.4 billion ($4.8 billion) and approximately 19,300 employees worldwide. Please visit our website for more information.

Wolters Kluwer Financial ServicesJennifer Marso, 612-852-7912
Senior Director, Corporate Communications
[email protected]
On Twitter: @JenniferMarso
orAngela Peterson, 612-656-7745
Corporate Communications Manager
[email protected]
On Twitter: @AngiePeterson

Source: Wolters Kluwer Financial Services