Linedata Upgrades Clients to Latest Version of Compliance Tool

Linedata says it has upgraded four key Luxembourg-based clients, including Mitsubishi UFJ Global Custody (MUGC), to the latest version of its compliance tool.

The mixture of custodian and fund administrator clients needed a scalable reporting tool in order to meet the demand for transparency by regulators and investors. In addition, the continued convergence of traditional and alternative funds requires these firms to have efficient compliance processes.

Leveraging Linedata Compliance, investor service providers are able to take advantage of full audit trails and enhanced rule and formula builders. Historical breach views allow custodians and administrators to review and compare results for historical periods of time alongside current breach management reports.

Linedata also has an AIFMD solution already in production that automates compliance with these new regulations.

“With Linedata Compliance, we have confidence in the controls we apply to our clients’ regulatory and statutory constraints. All of our funds are automatically monitored with a full audit trail. Passive breaches are managed using structured workflows reflecting each client’s unique processes, ensuring they are able to satisfy their mandates. This way, using daily post-trade compliance, we are proactive in managing our breaches upfront as well as against breaches that would have a material impact,” Jean-François Fortemps, managing director of MUGC Lux Management, the Management Company of Mitsubishi UFJ Global Custody (MUGC) Luxembourg.