Funds-Axis provides solutions to upcoming UK Consumer Duty Regime

Funds-Axis provides solutions to upcoming UK Consumer Duty Regime

The UK Financial Conduct Authority (FCA) has set key deadlines for the upcoming UK consumer duty regime. To comply with these requirements, FinDatEx has released EMT version 4.1 with 10 new optional fields added to the EMT. Funds-Axis, an investment management regulatory technology software company, recognizes the importance of regulatory compliance and is here to help navigate this change.

The FCA has advised manufacturers to start communicating the outcome of their Consumer Duty reviews by the end of April, with further deadlines in July. Failure to comply with these requirements may result in significant financial and reputational damage to firms.

Funds-Axis understands the complexity of regulatory compliance and the challenges faced by investment managers in meeting their obligations. Our EMT solution is being updated to ensure that our clients can provide Consumer Duty data to distributors via the EMT in good time.

As a regulatory technology provider, we are committed to assisting our clients with their compliance needs. With our innovative EMT solution, we can help investment managers meet their regulatory obligations at a lower cost and in a shorter timeframe, compared to our competitors or if they develop an in-house solution. Additionally, we provide fully managed outsourcing services that enable our clients to transform their internal cost base.

Don’t risk non-compliance with the upcoming UK consumer duty regime. Contact us today at seamus.ocuill@funds-axis.com to learn more about how Funds-Axis can help you stay ahead of the regulatory curve!

How Fund-Axis can help!

In conclusion, Funds-Axis is a regulatory technology provider that understands the importance of regulatory compliance. With the upcoming UK consumer duty regime, we are committed to providing solutions that enable our clients to meet their regulatory obligations at a lower cost, lower risk, and in a shorter timeframe. Our EMT solution is being updated to ensure that our clients can provide Consumer Duty data to distributors via the EMT in good time. Don’t risk non-compliance, contact us today to learn more about how we can help you stay ahead of the regulatory curve.