Charles River IMS
Compliance
Information Classification: General
Charles River
Compliance
The Charles River Investment
Management Solution (Charles
River IMS) automates compliance
workflows and provides advanced
compliance rule building, testing
and maintenance, customizable
reporting, and a complete audit
history across the trade lifecycle.
Learn more at [Link]/compliance
Charles River Compliance
PORTFOLIO PRE-TRADE IN-TRADE POST-EXECUTION
Positions Manager Orders Trader Orders Executed Orders
(Owned) (Proposed) (Uncommitted) (Committed)
Charles River IMS: Compliance
®
Information Classification: General
Centralized
Compliance Solution
Navigating a complex regulatory
environment presents challenges for
investment managers; failure to comply
or keep up with required regulations
can result in heavy fines and/or loss of
business reputation. Charles River helps Advanced Capabilities:
clients meet regulatory obligations with · Monitor fund-of-fund structures with
centralized, scalable compliance monitoring account look-through
and management capabilities, it provides · Aggregate and roll-up complex account
a library of built-in rules for worldwide hierarchies/relationships
regulatory requirements and mandates, · Support all instruments including
including US SEC 1940 Act, Rule 2a-7, derivatives
UCITS and ESMA, KAGB, and global · Help ensure accuracy by leveraging one
shareholder disclosure (GSD) regulations. data platform and security master
Charles River Compliance Capabilities
Compliance monitoring at any time Import and export compliance rules
1 during the trading process to help 4 and tests in a dedicated compliance
ensure rules are not breached workspace
Evaluate an investment strategy’s Research and resolve alerts efficiently
2 compliance to its stated benchmark
5 in the workspace
Enable portfolio managers to size Expedite rule creation based on
3 trades correctly and remain compliant 6 templates and testing, including “four
with established trading limits eyes” approval
Charles River IMS: Compliance
®
Information Classification: General
Futures Position
Limit Monitoring
Up-to-date exchange-imposed contract
ownership limits are critical for managers
who trade futures globally or specialize in
futures. Violation of such limits constitutes a
strict liability offense, yet position limits are “As of” Compliance
complicated, variable, and only posted on
exchange websites, not through traditional Charles River’s “As of” Compliance
market data providers. Further, managers capability helps managers meet regulatory
must monitor their positions with respect to requirements for data storage, provides
each individual exchange’s limits. the ability to analyze historical data, and
Charles River Futures Position Limit supports advanced compliance reporting
Monitoring (FPLM) simplifies the task of and analysis capabilities within the Charles
monitoring exchange-imposed contract River IMS. “As of” Compliance goes beyond
ownership limits. FPLM calculates exchange- traditional historical compliance reporting
specific future, option, and spread spot and by allowing clients to capture, maintain, and
non-spot trading limits. These limits are manipulate historical data outside of their
compared to portfolio holdings, which are production environment.
netted and aggregated according to the rules
of each exchange and product.
Capabilities:
· Capture on-demand or automated (daily,
Capabilities: month-end, quarter-end, year-end) snapshots
of data
· Exchange position limits can be tracked for
exchange traded futures, options, calendar · Meet regulatory storage requirements and
spreads and product spreads business needs through flexible data retention
policies and database sizing
· Allows for tracking of reporting, spot, single
month and all month limits · Help ensure accurate month-end reporting by
reprocessing data with updated tests, account
· Interfaces with exchange limit data provider
and security data
FIA Tech
· Generate compliance results for specific dates
· Exchange limit data can be imported or
entered manually · Trace the history of a particular violation
against an account, using an optional trade-
date range of violations
Charles River IMS: Compliance
®
Information Classification: General
LawCard Solution
®
Navigating the shifting regulatory environment presents unique challenges
for investment managers; failure to comply or keep up with required
regulations can result in heavy fines and/or loss of business reputation.
Asset managers conducting business within different jurisdictions
must comply with multiple regulations and regulators, adding layers of
complexity.
Compliance Support for Multiple Jurisdictions
®
Charles River’s LawCard Solution helps to alleviate this burden by
providing comprehensive predefined regulatory rule libraries that simplify
the process of determining jurisdictional investment restrictions. The
®
LawCard team frequently monitors the regulatory landscape for updates
and amends the rules to remain current with regulatory changes. These
regulatory rule libraries serve as a single reference point for relevant
®
regulations, LawCard team interpretations, and best practices and are
®
accessible through the LawCard Portal.
®
The LawCard regulatory rule libraries contain more than
1,800 rules across multiple jurisdictions including support for:
Over Over Over
1200 UCITS/AIF Rules 50 1940 Act Rules 300 Rules
for European countries including 2a7 for USA for APAC
As of January 2022
Charles River IMS: Compliance
®
Information Classification: General
Global Shareholder
Disclosure
Ever-changing foreign ownership
regulations must be monitored, interpreted,
and implemented in a timely fashion.
Furthermore, following the disclosure Global Shareholder
process from trading through regulatory
filing is time-consuming and resource- Disclosure Service
intensive.
The Charles River Global Shareholder
Charles River Global Shareholder Disclosure
Disclosure Service (GSDS) helps clients
(GSD) leverages the compliance capabilities
manage shareholder compliance more
of the Charles River IMS so firms can
confidently and efficiently by providing rule
file the necessary forms to comply with
advising, writing, maintenance, and support.
shareholder disclosure requirements in many
The service helps subscribers keep up with
jurisdictions.
changes, understand the impact on their
business, and follow filing requirements
despite the complex regulatory bodies
Capabilities:
involved.
· Quantity and value-based tests for holdings
· Support for voting shares, voting rights,
non-voting holdings
Resources:
· Shareholder disclosure for both regulatory and
· A global rule library with over 1200 rules,
issuer limits
proactive monitoring, notification, and
· Event management blotter designed for GSD, interpretation of global rules
including terminology and workflows
· Major shareholder disclosure rules for 96
· Track and research regulatory reporting events jurisdictions
· Production of required forms for submission · Coverage for major foreign ownership rules
to regulators such as short disclosure, sensitive industry,
· Track issuer and jurisdiction disclosures takeover panel, and client-driven issuer
separately limit rules
· Report filings can be generated on a schedule · Detailed legal information from the aosphere
and based on thresholds breached Rulefinder Shareholding Disclosure Service
· Monitoring of holdings across the full exchange that monitors and issues alerts on changes to
universe global shareholder legislation
· Charles River’s dedicated team of compliance
experts write, adapt, and test the rules in the
subscriber’s Charles River environment
Charles River IMS: Compliance
®
Information Classification: General
Compliance
Health Check
Compliance Rule
The number and complexity of buy-side
regulations have increased, placing pressure
Advisory Service
on firms’ compliance organizations. Many
firms find it difficult to maintain and update Managing an increasingly complex regulatory
rule libraries. This results in obsolete, environment, meeting demands for more
redundant, and even erroneous rules that stringent risk management, and supporting
may trigger false compliance alerts. The cost-efficient growth strain many buy-side
Charles River Compliance Health Check compliance departments. The Charles River
helps firms respond and compensate for Compliance Rule Advisory Service extends the
the shortage of expertise and resources, compliance organization to help manage
and provides an objective assessment these demands.
of your compliance rules and practices,
using a proven methodology applied by
an experienced compliance team. Charles Charles River’s compliance specialists bring
River’s specialists assess current compliance deep knowledge of regulatory bodies and
rules and processes, compare them with the processes, and have access to thousands of
best practices of industry peers, identify rules from numerous jurisdictions worldwide.
gaps and inefficiencies, and recommend Compliance Rule Advisory Service clients
specific corrective actions. leverage this experience to help ensure that
workflows are efficient and rules keep pace
with new mandates and regulations, including
Capabilities: the Investment Company Act of 1940, CFTC,
NI 81-102, UCITS, ESMA, SFC, and others.
Rule Library Review
· Rule construction, identify redundancies, and
help improve accuracy
Capabilities:
· Tune rule performance
· Help ensure accurate and up to date compliance
· Evaluate current alerts
monitoring
· Identify gaps in coverage and utilization
· Assist in coding of new fund launches
· Help ensure data accuracy and find mismatches
· Stay current with regulatory changes
Compliance Process Review · Support new products and asset classes
· Discovery interviews · Facilitate geographic expansion
· Software analysis · Leverage best practice compliance expertise
· Comparison with peers and best practices · Designed to reduce internal staffing pressures
· Audit risks · Help ensure efficient rules for optimal performance
· Manual processes and redundancies · Streamline compliance processes
Charles River IMS: Compliance
®
Information Classification: General
Charles River Development,
A State Street Company
Investment, wealth and alternative managers, asset owners and insurers in 30 countries rely on
Charles River IMS to manage USD $36 Trillion in assets. Together with State Street’s middle and
back office services, Charles River’s cloud-deployed front office technology forms the foundation
of State Street Alpha℠. Charles River helps automate and simplify the investment process across
asset classes, from portfolio management and risk analytics through trading and post-trade
settlement, with integrated compliance and managed data throughout. Charles River’s partner
ecosystem enables clients to access the data, analytics, application and liquidity providers
that support their product and asset class mix. We serve clients globally with more than 1,200
employees in 11 regional offices.
(As of Q 4 2021)
Learn more at [Link]/compliance
Charles River Development - A State Street Company is a wholly owned business of State Street Corporation (incorporated in Massachusetts).
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Charles River IMS: Compliance
®
[Link]. Information Classification: General
