SimCorp launch Legal Rule Set Service 14 July 2014London Reporter: Catherine Van de Stouwe
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SimCorp is launching its Legal Rule Set Service for fund managers.
Swiss & Global Asset Management has piloted the service that allows them to comply with regulation and to be notified of changes.
The software is initially set for asset managers in Germany, Luxembourg and Switzerland, with plans to expand the system globally.
Users of the system will receive immediate notification of any new rules or changes that require system upgrades, as well as frequent regression tests to ensure compliance with legal rule sets.
Carsten Kunkel, head of legal practices at SimCorp Central Europe, said: “So far, we already cover more than 400 legal investment restrictions and the number is growing.”
“With our well-equipped Regulatory Center of Excellence, we are ready to serve our clients for any future update to come.”
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