MIG21 is a hugely flexible compliance monitoring system that utilises a powerful rules engine to reduce the burden of work upon fund managers and their compliance officers giving them straightforward access to information and thus providing comprehensive governance and transparency â for both regulators and investors. Its use of the innovative LawCard service enables funds to maintain compliance in all major jurisdictions with updates being supplied in a âplug and playâ manner removing any need or changes to software, while its mapping technology and market-proven standard interfaces to leading vendors offers users incredibly rapid deployment.
Aquin implemented the system at PCE in under 3 months, across the 15 fund management strategies currently supported by PCEâs infrastructure These funds can now realise the advantages of the system as an integrated component of their infrastructure provision. The enhanced transparency through thorough investment compliance monitoring gives PCEâs clients a competitive edge and reduces the related cost at a time when the fund industry is seeing challenging circumstances.
Clive Warburton, Head of Legal and Compliance at PCE says âWe have been offering our fund management partners a complete operational and regulatory infrastructure since 2003, enabling them to focus on achieving Alpha returns for their investors. Aquinâs MIG21 will greatly enhance our ability to meet future regulatory demands whatever the jurisdiction and consequently the service we provide our funds.â
Andrew White, Managing Director of Aquin International says âWe are delighted to be supporting PCE Investorsâ clients through working with Aquin. It is fundamental to the operations of fund managers that they are able to cope with growing regulatory burden rapidly and the need for disclosure without that significantly impacting their business. MIG21 provides that straight away and, combined with PCEâs holistic service offering, gives fund managers the benefits of scale across their operations.â
Aquin designed MIG21 to function in a changing regulatory environment with comprehensive oversight for all new and existing asset classes. As such it will serve PCEâs clients across geographies and regulatory regimes. It facilitates ex-ante and ex-post checking of legal, statutory and internal investment guidelines in one single system and can be integrated easily with any order management system thus reducing the cost and time associated with investment process controls.