The Securities and Exchange Commissions Rule 22(c)-2 requires a mutual fund investment manager to review shareholder trading activity in its funds to ensure compliance with the policies stated in its prospectus. Utilizing Clarity Compliance will allow OFI to automatically analyze shareholder trading activity against trading policies. âWith Clarity Compliance, we have implemented a data analytics system that will provide OFI long-term benefits such as access to industry expertise and best practices and automating the flow of information while continuing to ensure consistent application of OppenheimerFundsâ trading policies.â says Patrick Campbell, Vice President of the Transfer Agent for OFI. Tim Kan, President of Envision said, "The selection and implementation of Clarity Compliance by OFI validates our belief that it is the premier Rule 22(c)-2 analytical tool available and we are extremely pleased that OFI is now able to leverage its capabilities.â
Clarity Compliance is an on demand solution used to automate the collection and analysis of data to identify shareholder trading that violates the trading policies outlined in a mutual fundâs prospectus. Clarity Compliance is offered and supported by Envision and its partner Celera Systems.