CACEIS launches Market Place for investors to facilitate European fund distribution
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CACEIS launches Market Place for investors to facilitate European fund distribution 21 June 2019Paris Reporter: Jenna Lomax
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CACEIS’s Tailored Electronic Exchange Platform for Investors (TEEPI) platform is to adopt the ‘Market Place’ feature, a free of charge service for investors to facilitate European fund distribution.
Using the search engine, users can identify funds on the platform that match specific investment criteria and can buy or sell units or access further information.
The TEEPI library hosts the funds’ marketing and legal documentation, such as the prospectus, Key Investor Information Document and annual report, as well as performance analyses and information on fund characteristics.
A unit aggregation function will give investors a consolidated view of fund units held at transfer
agents while know your customer management will be fully digitalised.
The online filing of investor identification documents will allow the opening of as many accounts as necessary with transfer agents.
With TEEPI, asset management companies will benefit from an additional digital channel for
account opening and subscriptions.
During the initial phase, users will consist of CACEIS’s management company clients and their
investors. The platform will gradually be extended to all market players.
TEEPI, launched in 2016, was originally designed to assist companies with Solvency II,
the second Markets in Financial Instruments Directive, and The Packaged Retail and Insurance-based Investment Products reporting requirements.
Laurent Majchrzak, group product director of CACEIS, said: “TEEPI is further proof of
CACEIS’s expertise in fund distribution, digital innovation and the integration of disruptive
technologies.”
“TEEPI’s fully open architecture and innovative unit aggregation view are already attracting strong interest from the market.”
Joe Saliba, deputy CEO of CACEIS, commented: “TEEPI is a major breakthrough for the market and we are proud of this pioneering solution for direct fund distribution.”
“Digital solutions are key to improving efficiency and business opportunities, and TEEPI’s new features offer unparalleled advantages to the market.”
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