25 September 2016
Visit dh.com

SS&C GlobeOp Depositary 'lite' gets FCA approval

08 July 2014  |  969 views  |  0 Source: SS&C Technologies Holdings

SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that SS&C GlobeOp [1] has obtained Financial Conduct Authority (FCA) approval for its Depositary "Lite" service offering.

The recently launched service helps managers of non-EEA AIFs in fulfilling their Alternative Investment Fund Manager Directive (AIFMD) requirements.

SS&C will help managers comply with various aspects of the AIFMD including functions relating to asset verification, cash flow monitoring and oversight services.

"We have been operating as a Depositary "Lite" under the transitional provision for a number of months and we are delighted to now receive our full authorization," said Des Pierce, Senior Director, SS&C GlobeOp.

"We've seen strong interest in our Depositary "Lite" service and signed up several fund managers to date," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We look forward to adding value to current and future customers with this offering and developing future enhancements as regulations continue to evolve."

Footnote: [1] GlobeOp Markets Limited is the regulated entity under which SS&C GlobeOp will provide their Depositary "Lite" services. GlobeOp Markets Limited is a wholly owned subsidiary of SS&C. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit i2cinc.comVisit VocaLink.com

Top topics

Most viewed Most shared
Co-habitation with banks key to fintech futureCo-habitation with banks key to fintech fu...
13474 views comments | 34 tweets | 34 linkedin
hands typing furiouslyGoogle's Larry Page buys a 'major global b...
12862 views 0 | 31 tweets | 25 linkedin
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
10985 views comments | 43 tweets | 28 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8326 views comments | 16 tweets | 25 linkedin
Deutsche Bank teams up with accelerator to back fintech startupsDeutsche Bank teams up with accelerator to...
7036 views comments | 12 tweets | 5 linkedin

Featured job

Find your next job