Announcement - Commcise goes live with MiFID II-compliant automated reconciliation and sweeping service
Share

Commcise has gone live with its MiFID II-compliant automated reconciliation and sweeping service. This enables Asset Managers to reconcile research accruals automatically and sweep balances from all CSA/RCCA brokers into one or many RPA accounts, based on individual fund/portfolio regulatory requirements.

The first cash transfers since MiFID II came into force on Jan 3rd have now been instructed and executed successfully. Clients under FCA Regulation will carry out this reconciliation and sweep process twice each month. Commcise has partnerships with several custodial aggregators, whose RPA facilities effect these transfers and confirmations electronically.

Share this article

Share