Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:TAs Launch Compliance Tool Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 12, 2004

TAs Launch Compliance Tool

Reported by Theresa Sim

DST Systems has teamed with Boston Financial to offer their clients a new program called Compliance+. The two launched the service in late July.

The service is designed to help fund companies' chief compliance officers meet Rule 38a-1 of the Investment Company Act of 1940.

The service is free for their clients. DST's platform-only clients will receive a slightly different version of the product than the company's full-service clients.

Compliance+ maps applicable federal securities laws to business processes and links those processes to compliance procedures. The results are reported via a "measurement dashboard." Clients can access reports in paper or Adobe Acrobat Reader format, said Jeff Cook, director of regulatory compliance for DST.

Clients can specify what they want in the reports, depending on the level of detail that they want, said Jeff Cook.

"For those who are in the early stages of drafting their policies and procedures and those who have yet to start Compliance+ can be the template from which they model and document their own procedures and process flows," stated Cook.

The launch of the service is a preemptive move, said Cook. "Our whole point of doing Compliance+...is to be ahead of the game [in terms of other service providers]," said Cook.

DST and BFS invited clients to discuss the service in Kansas City and Boston, said Jill Metzler, spokeswoman for DST.

DST plans on improving the service depending on feedback, said Cook.

Boston Financial is a joint venture between DST and State Street.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use