Caceis introduces new capabilities to TEEPI platform
Latest news
Caceis introduces new capabilities to TEEPI platform 31 January 2018London Reporter: Jenna Lomax
Image: Shutterstock
Caceis’ web platform, Tailored Electronic Exchange Platform for Investors (TEEPI), now enables clients to meet new regulatory obligations linked to Packaged Retail and Insurance-based Investment Products (PRIIPs) and the second Markets in Financial Instruments Directive (MiFID II).
As part of change to follow PRIIPs and MiFID II rules, Caceis has developed two new data distribution methods within the platform.
TEEPI Live allows files to be uploaded and downloaded interactively, individually or in bulk, according to the needs of users, while TEEPI Bot performs these functions automatically and at specified frequency.
Following its establishment in 2016, TEEPI initially enabled insurers and management companies to exchange tripartite (TPT) files in connection with Solvency II.
According to Caceis, with TEEPI, financial institutions, management companies, distributors and other operators communicate with each other in a tailored and safe environment.
Joe Saliba, deputy CEO of Caceis, said: “Caceis engaged actively with financial sector working groups and regulators since the introduction of these regulatory proposals.”
“Innovation is at the heart of our operations. Thanks to TEEPI and the enhancement of its functionalities our clients can meet their obligations.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 