Earlier this year, Wolters Kluwer Financial Services began working with Linklaters LLP, a leading global law firm, to bring three of its online information services to the broader financial services market in the U.K., U.S. and Canada:
â¢ Blue Flag Regulatory â A cross-border risk management tool that addresses a number of topics, including licensing, conduct of business rules and marketing restrictions
â¢ Blue Flag Shareholding Disclosure â Shows how shareholding disclosure rules apply in relation to large shareholding positions in 41 jurisdictions
â¢ Blue Flag Funds â Assists fund managers in developing appropriate marketing strategies and interprets regulatory provisions regarding the sale of financial products in different markets
IFIC sees value in all three Blue Flag services for its members to help them proactively address ongoing regulatory challenges.
âAs an advocate and representative for Canadaâs mutual fund industry, we are dedicated to helping our members understand the latest industry standards, implement best practices and connect with beneficial programs and resources,â said Pat Dunwoody, VP Member Services and Communications at IFIC. âWolters Kluwer Financial Services provides an extremely valuable service in providing access to the Blue Flag products, which help our members remain compliant.â
âIn a regulatory environment that continues to become more complex, we are focused on helping financial organizations find the right match when it comes to tools that ease their compliance burden and make sense for their business,â said Mark Coronna, executive vice president of Securities and Insurance at Wolters Kluwer Financial Services. âOur relationship with IFIC will help educate more firms about the benefits of Blue Flag solutions and how the tools can help them better navigate the international regulatory environment.â