Regulatory Compliance
Monitor omnibus transaction data. Comply with complex requests for trade detail. Manage contract administration. Analyze the impact of short-term redemption fees.
SEC Rule 22c-2 poses significant new challenges for mutual fund companies and financial intermediaries alike. Whether it’s constructing and maintaining intricate rules engines to identify market timing violations or keeping pace with the frequency and complexity of requests for trade detail, complying with 22c-2 will require critical changes in the way you process, track and report on trades.
To support both buy-side and sell-side clients, the SunGard Transaction Network has developed a fully outsourced service to meet the demands of 22c-2. STN’s 22c-2 Services provide a best practice, cost-effective method to ensure compliance without increasing staff or systems infrastructure – all with the assurance of safe and accurate transaction processing that only a trusted partner like SunGard can deliver.
Combining secure data storage, sophisticated analytics and administrative tools over a single, web-based interface, STN’s 22c-2 Services provide a complete solution for managing the regulatory requirements of Rule 22c-2.
Building upon its network connectivity model, STN seamlessly links the entire data path – from financial intermediaries to the NSCC to fund companies and transfer agents – to help you handle the intricacies of 22c-2 compliance and administration. From tracking and reporting on trade data to flexible data query capabilities to intermediary contract management, STN offers a seamless, straight-through processing solution between financial intermediaries and fund companies.
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There is no doubt that omnibus accounting practices have helped fund companies and intermediaries achieve significant operational efficiencies while managing massive growth in mutual fund trading. However fund companies have taken the bad with the good and have often sacrificed transparency in the process. While they may have streamlined operations to help the end investor, they have sacrificed a clear view into the underlying trading in shareholders’ accounts.
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Brokerage products and services offered by STN are provided by SunGard Institutional Brokerage Inc., Member FINRA / SIPC . STN’s 22c-2 products and services are provided by SunGard Business Systems LLC.