It hasn’t been an easy year so far for EU based investment managers. The Brexit uncertainty is still causing concern, however, even more burdensome at present is the European Union’s General Data Protection Regulation (GDPR) creation of issues for EU-based investment managers seeking to register as investment advisers with the US Securities and Exchange Commission (SEC). Currently under the SEC’s moratorium applicant firms will not be authorised until the SEC are comfortable that GDPR will not hinder its attempts to access company data.
We at AQMetrics have decided to make things a little easier for EU based investment managers. We are opening our MiFID II data management, approved reporting mechanism for transaction reporting and three way reconciliation engine to the World Wide Web. This means that from August 2019, MiFID II firms can subscribe to AQMetrics regulatory reporting services from their desks, upload their data and start accurately reporting to the regulator with no hidden costs, fuss or delays.
As we are not discriminatory here at AQMetrics we’ve decided to make all of our online regulatory reporting available over the web and over the course of this year we will make our self-service premium multi-jurisdictional regulatory reporting platform available online for any firm to subscribe to and use.
We look forward to serving our customers through this innovative self service medium and are delighted to open our premium technology to a global client base over the internet. I look forward to watching mass adoption of AQMetrics premium web based multi-jurisdictional self service regulatory reporting.