Funds-Axis provides solutions to upcoming UK Consumer Duty Regime
Last month, we reported on the release of EMT version 4.1 in relation to the upcoming UK Consumer Duty regime, which is ushered in by the UK Financial Conduct Authority (FCA). We at Funds-Axis, your trusted regulatory technology software company, are now thrilled to announce that our systems have been updated to cater for this new compliance requirement.
Our systems now fully support EMT v4.1, including the 10 new optional fields, thereby ensuring our clients can swiftly integrate with the new regulatory requirements. This means we’re fully prepared to support clients who wish to go live at any point up to the FCA’s 31st July deadline, underlining our commitment to helping our clients navigate the challenges of regulatory compliance.
The EMT, or European MiFID Template, is a critical instrument for investment managers to meet their regulatory obligations under the UK Consumer Duty regime. The latest version, EMT v4.1, further bolsters this tool, and our software upgrades align with these enhancements, to provide a seamless transition for our clients.
Our commitment to delivering cost-effective, timely, and comprehensive regulatory solutions remains steadfast. With our updated EMT solution, we continue to offer an advantageous alternative to developing an in-house solution or sourcing from our competitors. Our fully managed outsourcing services further streamline the regulatory compliance process, transforming your internal cost base and reducing risk.
With the UK Consumer Duty regime fast approaching, non-compliance is a risk that firms cannot afford to take. Our updated EMT solution ensures that our clients can provide Consumer Duty data to distributors in good time, mitigating potential financial and reputational damages that could arise from missing key FCA deadlines.
At Funds-Axis, we understand the importance of staying ahead of the regulatory curve. Contact us today at seamus.ocuill@funds-axis.com to learn more about how our updated systems can help you meet your regulatory obligations under the new UK Consumer Duty regime.
How Fund-Axis can help!
In conclusion, as your partner in regulatory technology, Funds-Axis is committed to providing solutions that meet your needs under the evolving UK Consumer Duty regime. Don’t risk non-compliance – let us help you navigate this change with our updated systems and proven expertise. Contact us today to learn more about how we can help you stay ahead of the regulatory curve.
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