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Deloitte Unveils Service To Support Global Regulatory Requirements

Amisha Mehta Assistant Editor London 2 February 2016

Deloitte Unveils Service To Support Global Regulatory Requirements

The new service aims to help investment managers, banks and insurance firms navigate complex global marketing regulation and tax rules.

Deloitte UK has launched Prisma, a regulatory and investor reporting service.

The launch of Prisma, which will deliver reports for multiple regulatory and investor requirements, comes ahead of the implementation of new Packaged Retail and Insurance-based Investment Products (PRIIPs) rules for distribution to retail clients in December. The service will also cover fund registrations for Alternative Investment Funds (AIFs), Undertakings for Collective Investments in Transferable Securities (UCITS) and offshore funds with local regulators.

“Investment managers are subject to a complex set of marketing and distribution rules, including AIFMD, Dodd Frank and Solvency II, requiring different notification, registration and reporting requirements across jurisdictions and investor types,” said Mark Ward, head of investment management at Deloitte UK.

Prisma will also include market intelligence and advisory services on local regulatory requirements, and provide distribution advisory services including client relationship management systems and salesforce effectiveness.

“Prisma uses one set of data to satisfy multiple reporting requirements simplifying the process for clients,” said Chris Farkas, co-head of UK investment management managed services at Deloitte.

“Deloitte’s project team integrates the data, centralises it in a data repository, and manages the day-to day creation, production and dissemination of these reports. This reduces the risk of error, and enables the clients’ marketing, technology, legal, compliance and operational teams to focus on issues more central to the management of their firm and wider business objectives.”

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