StatPro Group plc, (AIM:SOG), a global leader in portfolio analytics and reporting services today announced that it has added ‘commitment approach’ for compliance with UCITS and AIFMD regulations (in addition to existing VaR approach).
StatPro Revolution provides complete transparency and drill-down into the commitment approach calculation thereby avoiding the “black-box” approach for providing a commitment number, which the regulator is opposed to.
It equips the fund manager to perform some of the core activities required by the regulator by setting compliance limits and reporting defaults. Clients can set limits and warnings for commitment and VaR, can perform risk limits monitoring through a traffic light approach, as well as provide a full audit trail of validation comments. It also calculates a number of measures as per Annex IV of the regulator’s guidelines. The fund managers only need to provide holdings and positions in order to get their fund covered within StatPro Revolution.
This new module provides greater transparency due to the sharing and self-service distribution features within the product. It allows you to share the portfolio directly with the regulator if required, make risk information easily available across your global offices and teams, and gives greater control to those in an oversight role. It also helps you market your funds more effectively across territories with a universal reporting and distribution tool.
Justin Wheatley, Group CEO, commented, ‘We are very pleased with this addition as StatPro Revolution now offers VaR and commitment approach side by side, thereby providing comprehensive compliance with UCITS and AIFMD. Our cloud-based platform and self-service analytics provided in a user-friendly and intuitive way with a number of dashboards reduces the complexity of compliance. StatPro Revolution’s unique value proposition is the ability to share your portfolio with anyone, both internally and externally, including clients at no extra cost.’