DataBioSys Regulatory Reporting

Firms regulated by an authorized body (e.g. The FSA, BAFIN, etc) are obligated to report reportable transactions to that regulatory body whilst meeting certain rules (e.g. as outlined in the FSA Handbook SUP17 and TRUP Version 3). These rules require these reportable transactions to be handled in different ways and in a format that is acceptable to the FSA. Most firms may use Approved Reporting Mechanisms (ARM) as their interface for reporting to the FSA hence meeting the ARM requirements will be the overall goal.

DataBioSys addresses this issue by giving the client the opportunity to configure rules to match their requirements and other services such as data validation and enrichment during the processing.

In addition to data processing, DataBioSys provides the facility to view the transactions and maintain an audit trail of the transaction lifecycle.