Wolters Kluwer Financial Services announced today that the company has acquired Compliance Online, an online compliance information provider focused on regulatory information, analysis, news and value-added commentary for the United Kingdom's financial services market.
Compliance Online provides U.K. customers with high-quality, explanatory regulatory information to help the customers understand how to conduct business under the Financial Services Authority (FSA) rules and guidance. Compliance Online's suite of content solutions includes high-value summaries, commentary and interpretation of FSA regulations in the form of news analysis, daily articles, compliance calendars and more. These tools allow customers to quickly understand and interpret the implications of these rules and regulatory guidance.
Compliance Online's U.K. analytical content complements the U.K. primary law materials on Wolters Kluwer Financial Services' Compliance Resource Network, an online site that provides fast and convenient access to essential regulatory information, requirements and analysis.
"Global market expansion by financial firms and increased regulatory complexity are driving demand for compliance solutions with broad product and jurisdictional coverage," said Brian Longe, president and chief executive officer for Wolters Kluwer Financial Services. "The combination of Wolters Kluwer Financial Services' and Compliance Online's content and tools presents a powerful compliance offering to financial institutions in U.S. and U.K. markets."
In addition, Compliance Online's customer base will also have access to Wolters Kluwer Financial Services' leading securities compliance solutions. Wolters Kluwer Financial Services currently offers several regulatory compliance products in the U.K., including: Capital Changes, which is a comprehensive source for current corporate action reporting; Examiner, software that monitors the personal trading activities of a securities firm's employees; and its Policies and Procedures tools. Wolters Kluwer Financial Services also offers the Legal Compliance Services solutions from international leading law firm Linklaters' Blue Flag product suite.
"Joining Wolters Kluwer Financial Services means that our customers will have access to an even broader array of content and tools to help ensure they are conducting business within regulatory guidelines," said Daryl Peagram, the founder of www.complianceonline.co.uk. "With a shared commitment to meeting the evolving needs of the financial services market, Compliance Online and Wolters Kluwer Financial Services will be able to help our customers continue to operate even more efficiently and reduce regulatory risk."
Peagram will join Wolters Kluwer Financial Services as Operations director and managing editor-U.K. and Europe.
Terms of the acquisition are not being released.