Compliance Management

To achieve compliance with laws/regulations, standards, norms etc. stipulated by regulatory authorities, industry associations and other organisations within an international environment, PMS offers elementary features in its base system and a number of special compliance modules to cover compliance aspects that fall within the scope of a software system like PMS.

Starting with general compliance topics such as password management, user rights system, change logs, four-eye principle, historicisation or data encoding as part of data security, the PMS software system encompasses compliance modules in relation to funds (for example investment laws (UCITS) and derivatives regulations for different countries such as Luxembourg, Germany, Austria, Ireland) in addition to modules such as Basel II and the German Solvency Regulation SolvV (KSA, IRBA), MaRisk (Minimum Requirements for Risk Management), GroMiKV (Large Exposures Directive) or LiqV (German Liquidity Regulation) which are relevant to the bank industry as well as VAG/AnlV (German Insurance Supervision Act / Investment Ordinance) for insurance companies.

With respect to operational risks, PMS first offers system-based possibilities to avoid operational risks, like for example supporting tools for loss event databases and self-assessment. Basel II / SolvV (German Solvency Regulation) offer support for the:

  • Standardised Approach
  • Basic Indicator Approach
  • Advanced Measurement Approaches.

HGB/BilMoG (German Commercial Code / German Accounting Law Modernisation Act), IFRS 7, IAS 32/39 for the purposes of profit & loss measurement, hedge effectiveness measurement and reporting etc. are covered by PMS which is also familiar with IFRS categorisations and recategorisations, profit & loss determination, valuation based on fair value and acquisition cost, hedge accounting, the documentation and generation of corresponding accounting records as well as with industry standards such as GIPS (Global Investment Performance Standard) for the investment-relevant measurement and presentation of performance results.

Currently, the transposition of the EU Directive 2009/65/EU for Undertakings for Collective Investments in Transferable Securities IV, shortly referred to as UCITS IV, into national law has to be fulfilled by the summer of 2011. One of the directives that must be met in the implementation of UCITS IV and that comes into immediate effect on the 1 July 2011 is the provision of the Key Investor Information Document (KIID) for the investor.

As KIID is a legally binding document, it must be ensured that all data required for this purpose are consistently made available.

Therefore we offer you the following services:

  • Required financial calculations and analyses for the KIID (Past Performance, Synthetic Risk and Reward Indicator (SRRI), Performance Scenarios, etc.)
  • Consulting
  • Outsourcing service based on PMS

 For more information, please contact our sales department, phone: +49(0)2 28-9 11 46-0 or email.