Service Provider Oversight (for Investment Companies)

The Benefits:

• Lower compliance costs enabled by "One stop shop"- Automated solutions from one partner, all with case management and audit trails;
• Time gain- Less on-site time by regulators, less time for the annual review, less overhead due to work automation and less time for the arduos and daunting tasks of gathering, organizing and analyzing data;
• Reduced regulatory and fiduciary risks because our system minimizes surprises and losses;
• Competitive advantages in asset gathering and retention- Investors enjoy enhanced trust, comfort and confidence during due diligence efforts due to the independence of our system.

Service Provider Oversight (for Investment Companies)

Transfer Agent checking

1. Anti-money laundering
2. Unusual activities in fund shares
3. Excessive trading in fund shares
4. Misuse of non-public information
5. Market timing-violation of policy and detection

Custodian checking

1. Timely and accurate transaction reconciliation, settlement and reporting
2. Corporate actions checking
3. Called and matured securities payments checking
4. Pricing/valuation instances of manual pricing, if applicable

Fund Accounting/Fund Administrator checking

1. Pricing/valuation instances of manual pricing, if applicable

Investment Advisor checking

	1.	Pricing/valuation instances of manual pricing, if applicable,
	2.	Proprietary trading of the Advisor and supervised personnel, and best execution analysis,
	3.	Misuse of non-public information,
	4.	Portfolio process checking for fair and timely allocation of trades,
	5.	Unlawful transactions with affiliates,
	6.	Portfolio process decision checking for fair and timely idea allocation (e.g. detection of favoritism and cherry picking among like portfolios), and
	7.	Portfolio process checking for adherence to
		a.	Client investment policy
		b.	Investment manager process and philosophy
		c.	ERISA and IRS requirements
		d.	SEC and Treasury Department guidelines
		e.	Federal securities laws

Additional Features of this module

Global Security Master File: FTT maintains a global security master file and updates it daily to insure accurate and timeliness of security data. The master file is comprised of all security types and corresponding market, fundamental and indicative data required to provide services.

Exceptions Resolutions Archiving and Tracking: All exceptions to guidelines are archived and aged by calendar until closed by the compliance user. This feature provides for both “notes to the file” capabilities as well as audit trails for internal or regulatory audit purposes, or both.

 

© 2008 Financial Tracking Technologies, LLC

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