Royal
Bank of Scotland Unit Trusts and OEIC's
Royal Bank of Scotland Unit Trusts and OEIC's
ComplianceAlert
is Royal Bank of Scotland's sophisticated compliance monitoring
and reporting system for the Collective Investment Scheme
(CIS) market. The system represents a significant step forward
in the automation of compliance monitoring procedures and
has received widespread acclaim from clients, regulators and
industry representatives.
Royal
Bank of Scotland ComplianceAlert examines each unit trust
/ OEIC portfolio for investment regulation breaches and compliance
with scheme objectives. If a potential breach is highlighted,
an exception report is generated by the system. These potential
breaches are investigated and, where appropriate, discussed
with the client.
Automated
day-to-day compliance testing frees our compliance teams to
focus on other crucial areas, such as derivatives monitoring,
and to provide advice to clients on all aspects of regulatory
matters.
ComplianceAlert
is specifically designed to incorporate multiple electronic
feeds so it can receive information from fund managers, custodians
and third-party administrators. This provides complete flexibility
in terms of the Royal Bank of Scotland service delivery.
Key
features and benefits
- Daily
internet reporting of potential regulatory / objective breaches
- Flexibility
to specify the parameters within which Royal Bank of Scotland
will report on a fund’s compliance, providing early
warning capability for potential breaches
- Easy
export of reports to other applications
- System
and data maintenance controlled and performed internally
by TDS
For further information on Royal Bank of Scotland Unit Trusts
and OEIC's visit the Royal Bank of Scotland website.
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