Calastone, a cross-border transaction provider for the mutual funds industry, has been granted regulatory approval by the UK Financial Services Authority (FSA).
Commenting on the approval, Jolyon Griffiths, CFO and Compliance Officer at Calastone said, We are delighted to have become authorised by the FSA. We believe that the mutual funds sector has the potential to emulate the considerable advances made in straight through processing in the equities and fixed income markets and we are planning to lead industry efforts as we extend our platforms offering into settlement. We believe that regulatory approval by the FSA will give our current and future participants further confidence in Calastone and our platform.