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Mar 2018 - ISC launch MiFID II Compliance Healthcheck Service

Date: 2018-03-01

The EU directive MiFID II (The Markets in Financial Instruments Directive) became effective January 2018. This Directive has been issued alongside its accompanying regulation MiFIR (The Markets in Financial Instruments Regulation).

Taking into consideration everything within the scope of MiFID II, this particular regulation has been one of the biggest to ever hit the industry and has led to regulators having enhanced visibility into market activity.

Now that many, if not all, MiFID II work streams have been handed over to BAU, it is prudent to take a step back and review the final implementation. Guidance continues to be refined, and regulators are set to conduct assessments of the market impact, along with individual firms' compliance with the directive. This continued focus from regulators makes complacency particularly unadvisable and an ISC Healthcheck will ensure readiness for regulatory reviews.

MiFID II Compliance Healthcheck Service

Sep 2017 - ISC launch Solvency II Healthcheck Service

Date: 2017-09-01

Solvency II became fully effective in January 2016, following a delay of 2 years, allowing the industry to meet challenges the regulation presented. With the extra time, the first delivery should have been smooth and complete, however reality is that this is still a major data challenge for most parties involved.

ISC have been involved with major institutions, in delivering all components of the Solvency II regulations, both for the initial target and the final deadline. This involvement has continued beyond that deadline, enhancing the data model by resolving issues and ensuring future proofing with increased flexibility.

Solvency II Healthcheck Service

ISC: proud co-sponsor of the British Duathlon Team 2017

Date: 2017-8-14

ISC is proud to announce its sponsorship of Steve Kendall, Team GB Duathlete. Cheering him on at the Penticton 2017 ITU World Championships.

Steve Kendall

Jul 2016 - ISC launch AIFMD Compliance Healthcheck Service

Date: 2016-07-01

The Alternative Investment Fund Managers Directive (AIFMD) became effective in July 2013 giving firms with funds in scope until 22nd July 2014 to gain authorisation. These timeframes were very challenging for many impacted firms, as some had not previously been required to gain fund authorisation, whereas others had large or complex fund ranges. This meant updating fund documentation, processes and added transparency reporting. This all needed establishing in a very short period. Some of these processes would need to be continued regularly beyond initial authorisation, such as transparency reporting, which led to selection decisions following the route of least resistance.

Now that many of the reporting and review processes have undergone a number of iterations, it is prudent to reconsider the original decisions made. The market has matured with many of the European countries confirming their own specific requirements. There has been no information from either the European Securities and Markets Authority (esma), or any of the National Competent Authorities (NCA) as to the penalties for non-compliance or if any AIFMs are not complying. This lack of information is likely to lead to complacency as firms focus elsewhere, seeing AIFMD as a done deal with repercussions unknown. There have been regular “question and answers” updates from esma as to how some aspects of the regulation should be interpreted. However, these are not based on any of the operating models or data submitted, as these have not been reviewed as part of a themed visit. As with movies, so with regulations there is likely to be a sequel, so in preparation the ISC Healthcheck will ensure readiness for AIFMD II.

AIFMD Compliance Healthcheck Service

Mar 2016 - ISC launch Delivering UK Tax Transparent Funds Service

Date: 2016-3-1

Tax Transparent Funds (TTFs) are being launched by organisations in the UK and 2015 saw a number of events by TTF providers promoting how they can support these new fund structures. ISC understand that these new tax efficient fund structures provide a great opportunity to both asset managers and owners. The UK Government has introduced regulation which allows UK companies to market equivalent tax efficient funds to those currently established in Luxembourg and Ireland. The rationalisation of funds can generate obvious savings for fund managers and the offer of tax savings for clients ensures these fund structures have recognisable benefits. These benefits make TTFs attractive to current investors and broaden the scope of potential customers.

ISC offer an end to end service to deliver these fund structures, from initial review to implementing the target operating model with those providers chosen as partners. The business case for any change requires sign off by both fund boards and investors ensuring they are of benefit to both. Delivering the business cases and ensuring the benefits are realised are the aims of this service.

Tax Transparent Funds Service

Jan 2016 - ISC launch MiFID II Compliance Service

Date: 2016-1-21

The EU directive MiFID II (The Markets in Financial Instruments Directive) is set for implementation in January 2018. This Directive is being issued alongside its accompanying regulation MiFIR (The Markets in Financial Instruments Regulation). ISC is delivering projects to help our clients ensure compliance with this wide-ranging regulation that we have seen to have significant operational impacts.

MiFID II Compliance Service

Nov 2015 - ISC is 10 years old

Date: 2015-11-1

ISC is celebrating 10 years of offering consultancy services to the Investment Management Industry

Nov 2014 - Product Delivery Service Launched

Date: 2014-11-17

ISC have launched a product delivery service.

Product Delivery Service

Mar 2014 - Join ISC as Knowledge Partners at TSAM in London

Date: 2014-02-10

ISC are pleased to support TSAM 2014 as Knowledge Partners. This annual event is being held on March 25th in London.

http://www.osneybuyside.com/tsam-eu/

Sep 2013 - ISC launch an Outsourcing Risk Oversight Service

Date: 2013-09-19

This service aims to improve the risk protection in the event of the loss of outsourcing service as highlighted by the recent Dear CEO letter from the IMA.

Outsourcing Risk Oversight Service

Sep 2013 - ISC AIFMD Services

Date: 2013-09-16

Based on real client experience ISC now offers pragmatic advice to those clients requiring help in ensuring their firm meets the July 2014 deadline.

AIFMD Service

Jun 2013 - Improving KIIDs Production

Date: 2013-06-02

ISC has launched a new service that uses our experiences in improving the production of KIIDs. 

KIIDs/KIDs Service

Feb 2012 - ISC converts to Limited Company

Date: 2013-02-15

Over the last few months we have been working towards changing the company structure from a Limited Liability Partnership to a Limited Company. Corporate finance and legal advice indicates that changing to a Limited Company structure will better equip us to support planned growth into the future.

In the light of this, we are delighted to announce that, as of Monday 28th January 2013, ISC LLP has converted to ISC Ltd. Current Partners have, as of 28th January, become Directors of the new company. We look forward to continuing to provide the Investment Management community with quality advice and assistance under the new corporate structure.

Mar 2013 - Views on Adding Value in Client Reporting

Date: 2013-01-30

Simon Harris is interviewed and gives his thoughts to the International Securities Services Magazine on 'Adding Value Through Client Reporting'.

http://www.iss-mag.com/asset-servicing/adding-value-through-client-reporting

Mar 2013 - ISC Chairs the TSAM 2013 Client Reporting Workshop

Date: 2013-02-06

ISC's, Simon Harris, chairs the Client Reporting & Communications Workshop at TSAM 2013 in London on March 20th. Simon will be working with over 35 representatives from the investment management community to discuss the challenges client reporting projects face.

http://www.assetmanagement-om.com/tsam-eu/client-communications/workshop/

Mar 2013 - ISC - Knowledge Partners at TSAM 2013

Date: 2013-02-06

ISC are pleased to support TSAM 2013 as Knowledge Partners. This annual event is being held on March 19th at the Lancaster Hotel, London.

http://www.assetmanagement-om.com/tsam-eu/

Nov 2012 - ISC Hosts Client Reporting Workshop in London

Date: 2012-11-22

ISC Partner, Simon Harris, chairs the annual workshop at the annual Osney Media Conference on Client Reporting and Communication in London. Simon will be working with over 35 representatives from the investment management community to discuss how to maximize efficiency in client reporting production runs.

Nov 2012 - ISC Knowledge Partners at OTC Derivatives for Fund Management Conference

Date: 2012-10-23

ISC are pleased to support Osney Media's OTC Derivatives for Fund Management Conference as Knowledge Partners. Julian Manfredi, Partner at ISC, is a panellist in the afternoon session. This annual event is being held on 14th Nov at the Marriott Hotel, Regents Park, London.

Sep 2012 - ISC Knowledge Partners at SUPRA

Date: 2012-09-26

ISC are pleased to support Osney Media's Summit for Performance, Risk and Attribution as Knowledge Partners. Dave Sellors is a panellist in the morning session. This annual event is being held on 26th Sept at the Millenium Hotel, Mayfair, London.

Jun 2012 - ISC Launch their GIPS Compliance Service

Date: 2012-06-07

ISC has launched their GIPS Compliance Service.ISC produce the project brief, project plan and assist in the selection of a GIPS verifier. ISC work with the asset manager to become GIPS compliant and work with the asset manager to ensure that all the relevant material is ready to be reviewed prior to and during the verification phase.

ISC is ideally placed to assist clients to become GIPS compliant. We have specialists from the Performance and GIPS section of the industry and consider all the key components to gaining GIPS compliance, including;  the pricing & valuation matrices, control procedures, performance calculations, composite allocations and calculations, and the consultant databases/RFPs.

GIPS Compliance Service

Jun 2012 - ISC Launch their GIPS Verification Service

Date: 2012-06-01

A no fuss, value for money service. ISC has launched their GIPS Verification Service. Using our unrivalled and deep understanding of how asset managers work, we have specialists from the Performance and GIPS section of the industry. ISC employ dedicated on-site verifier resources for the verification field work and product of the final report. ISC are independent to the auditor and AAF party.ISC is ideally placed to complete the annual GIPS verification process. We have specialists from the Performance and GIPS section of the industry. Having worked for asset managers we align our service to meet your needs.

GIPS Verification Service