CSS offers a unique Compliance-as-a-Service (CaaS) platform that gives you complete control of your global regulatory compliance program, coupled with the support of market-leading regulatory expertise and managed services. Meet mandatory regulatory requirements while strategically optimizing data, operations and technology.
CSS works with every firm to understand exactly where the gaps are in your global compliance program and guide you down the regulatory path from a tactical to strategic approach to compliance.
CSS delivers a complete end-to-end fund reporting solution that is unmatched in the market for depth and breadth of coverage, leveraging integrated data management, regulatory reporting software and document production capabilities.
Regulatory Book of Record (RBOR)
The global Fund Reporting solution is built on a centralized data management system for regulatory data aggregation and enrichment. The Regulatory Book of Record (RBOR) retrieves, validates and normalizes data from multiple data sources, including client data, market data and service provider data.
Provides inputs to the Regulatory Book of Record (RBOR), from cost of executing trades to cost and charges and performance metrics. In addition, fund performance comparison, risk analysis and portfolio monitoring functionality is available via Longboat Analytics in Ireland, Italy, South Africa and Sweden.
The CSS platform automates the production and exchange of regulatory templates, or industry-accepted data sets, to insurers, wealth managers and third-party fund managers, including:
These services also include underlying performance and risk analytics, as well as the transaction cost calculations as required.
The CSS platform provides periodic filings to regulators, NCAs, ARMs and TRs across multiple jurisdictions, including:
Document Production & Distribution
Easily navigate and manage the complexities of the production and distribution of factsheets, prospectuses and other key documents such as the EU Sustainable Finance Disclosure Regulation (SFDR) focused on ESG, UCITS KIID and PRIIPs KID.
Harness the flexibility of a modular, multilingual, multi-jurisdictional solution that covers a full range of regulatory reporting requirements for the production and distribution of documents.
Utilize multi-tenant SaaS proprietary software that allows you to automate the production and distribution of all your regulatory and marketing reporting.
CSS automates and simplifies shareholder disclosure, sensitive industries and position limit monitoring to help investment managers and financial institutions stay ahead of regulatory changes across global jurisdictions, reduce risk and optimize operational efficiency. The platform uniquely pairs unmatched in-house regulatory expertise with the most comprehensive set of industry legal data from aosphere.
From short selling bans to sensitive industry changes, regulations and rules are monitored and updated automatically in the Investment Monitoring platform in near real-time, so you can pivot quickly to rapidly changing regulatory requirements. The breadth and depth of global coverage includes:
Core to the Investment Monitoring platform, the Shareholding Disclosure module provides near real-time automated monitoring and reporting for beneficial ownership thresholds, including long, short, issuer and takeover panel reporting in more than 100 jurisdictions. The platform compares your firm’s holdings to relevant thresholds, provides alerts when action is required and generates disclosure notifications that can be filed with regulators.
An add-on capability to Shareholding Disclosure, the Shares Outstanding service helps investment managers easily source required voting and share capital data from exchanges, regulators and third-party data providers.
Shares outstanding data is required when evaluating holdings against thresholds but is notoriously complex to obtain and maintain accurately due to corporate actions, jurisdictional nuances and the number of sources that are available.
CSS’s Shares Outstanding service simplifies the acquisition of up-to-date voting and share capital data by leveraging up to six sources to determine the best number to use during threshold analysis.
Sensitive Industries refer to two distinct types of investment restrictions:
Nearly every financial jurisdiction has specific industries that are considered “sensitive to the continuation of government and public needs.” These industries can range from defense and media, to power distribution, utilities and financial infrastructure. Some of these industries are even unique to the individual country. Financial firms find sensitive industries challenging because these rules are specified by the jurisdiction with no universal overseeing regulatory body.
The Sensitive Industries module of CSS’s Investment Monitoring solution provides automation rules that cover 99 jurisdictions evaluating foreign investment restrictions and industry-specific limits, customizable warnings on approach and violation alerts when crossing a reportable threshold.
With jurisdiction rules changing frequently, investment managers need the regulatory agility to keep up with the pace of regulatory change. CSS’s collaboration with aosphere provides access to their in-depth and robust library of regulatory rules and sensitive industries, while CSS’s in-house team of regulatory guidance experts analyzes and verifies these rules and delivers additional details or standards where required or sourced.
The Position Limit Monitoring module of Investment Monitoring is a fully automated solution for the daily sourcing and tracking of exchange and regulator-imposed limits on futures, options and other derivative instruments.
The platform sources position limits and accountability levels daily on 50+ exchanges (plus CFTC and MiFID II).
Built on experiences from EMIR and MiFID II, CSS’s multi-regulatory platform seamlessly integrates with your source systems, giving financial firms the flexibility to adapt to rapidly changing regulations and requirements from ESMA, Trade Repositories, ARMs, EUNCAs and other global regulators like ASIC, MAS and HKMA.
The CSS Transaction Reporting solution is an agnostic platform that converts client data into the formats required by TRs/NCAs/ARMs.
The Transaction Reporting platform offers reconciliation of delegated reporting by retrieving trade data from client source system and reconciling it with trading data from the appropriate trade repository.
Streamline and automate core compliance functions in a centralized platform with integrated workflow. Facilitate documentation and promulgation of policy, procedures and manuals, manage complex attestations and reporting, as well as workflows, task management, calendars and alerts to create an enterprise-wide compliance program.
Automate and centralize employee-related compliance obligations. An add-on module to Compliance Management, Code of Ethics automates the monitoring of employee compliance obligations.
Have complete transparency into your firm’s trading activities. An add-on module to Compliance Management, Trade Surveillance automates the monitoring of trading activity to comply with internal policies and regulatory requirements. The module connects directly to client trading systems, providing your compliance team with timely compliance alerts, risk management workflow tools and post-trade compliance risk reporting.
In today’s complex and fragmented regulatory space, you need to treat data as an asset, and aggregating and standardizing disparate regulatory data is imperative. CSS’s Regulatory Book of Record (RBOR) is the first centralized data management system for regulatory data aggregation and enrichment across CSS’s global regulatory compliance platform. CSS’s RBOR builds comprehensive links between data sets, unravels duplicate source data integrations and reduces manual aggregation.
Take the first step on your global regulatory compliance journey. A CSS regulatory expert will be in contact with you within the next business day.