Costs and Charges

It goes without saying that one of ISC's core strengths is project management, enabling the effective delivery of regulatory change within your organisation at a programme or project level as necessary.

The Brief

The client commissioned ISC to provide Subject Matter Expertise (SME), Project Management and Business Analysis to lead and guide the Costs and Charges Scrum team, ensuring the complete project management of governance, budget, resource planning, with end-to-end business delivery; this included identifying regulatory/business requirements, overseeing development, coordinating the UAT with the business users and managing technology releases within an Agile framework.

Project Scope

The project spanned multiple client regulatory regimes and jurisdictions over a number of years, whilst also requiring coordination alongside an operational country relocation, with both significant internal development and an external vendor system implementation. The regulations covered were MiFID II, PRIIPs, IDD and as laid out in COBS, and to meet the industry prescribed templates: EMT, EPT (including CEPT), CTI (LGPS) and FVPT.

Our Role & Value

ISC supplied experienced and skilled resource by way of SME, Project Manager and Business Analysts to fill the key roles of this complex project; ISC performed the roles of Project Manager, stand-in Product Owner, and lead Business Analysts. ISC led the Costs and Charges' Agile project, whilst operating the traditional waterfall project governance, per the client requirements; the Agile framework activities included leading Programme Increments and coordinating with other Agile teams as part of the Agile Release Train.

High-Level deliveries were identified and classified based on regulatory deadlines, size, complexity and further classified into sub-deliverables; each sub-delivery's importance was assessed, to ensure that Minimal Viable Product was delivered timely alongside the highest value-added components.

The Outcome

The client was able to deliver all key client and regulatory deliverables timely to the required standard, whilst implementing the desired third-party vendor system and relocating the Operational Reporting team.

The project was successfully delivered in line with the project sponsor's, and all key stakeholders', expectations; the project concluded with business acceptance and with the reporting process successfully embedded into Operations.

Consultant Reflections

“Over the last 15 years my colleagues at ISC and I have seen the Investment Management industry through the best and the worst of times. We take great pride in the fact that we have helped our clients to manage the changes brought about by such tectonic shifts.”

Julian Manfredi
Investment Solutions Consultants

Protected: Product Master Series – Operating Model

There is no excerpt because this is a protected post.

READ MORE

Product Master Series – Scope

Mastering fund and product data is not just about operational efficiency; it’s fast becoming a regulatory imperative. It is becoming increasingly apparent that a mature data master is critical to meet everchanging regulatory requirements.

READ MORE

Some Thoughts On The Implementation of an ETF Capability

The attractiveness of diversified, liquid, continuously priced, low-cost instruments to investors has never been greater. The growth in ETF AUM globally from around $1 trillion in 2008 to around $14 trillion at the end of 2023 shows the size of the inroad this asset class has made in a relatively short period. As Investment Managers wrestle with cost pressures across the industry, they are increasingly looking at adding ETFs as a complementary offering.

READ MORE

Product Master Series

Mastering fund and product data is not just about operational efficiency; it’s fast becoming a regulatory imperative. It is becoming increasingly apparent that a mature data master is critical to meet everchanging regulatory requirements.

READ MORE

ESMA ESG/Sustainability Fund Naming Conventions

On 14th May, ESMA published its final report on funds’ names using ESG or sustainability-related terms. This followed feedback and changes made to the original consultation. At 57 pages it is a hefty read, but there are some important changes to note within the text.

Some of the key points where changes have been made because of the responses to the consultation include: –

READ MORE

Barriers to ESG in the Asset Management industry – May 2024

A year ago, we wrote post on Linked In called “Barriers to ESG in the Asset Management Industry.” It was a brief article, but it talked about three distinct key areas that were (at the time) key factors inhibiting the progress of ESG. We thought that (one year on), it would be interesting to revisit those three items, and talk about the progress that has been made

READ MORE

May – Stroke Awareness Month

Here at ISC, we recognise the importance of increasing our awareness and understanding of stroke and its impacts. This month, we have a story to share. Our team member, Paul Lumsden, is a stroke survivor, and his journey offers an insight into some of the challenges faced by those affected by stroke.

By sharing his story, we hope to highlight the realities of the side effects of stroke, particularly the hidden effects, which encourages more people to stay informed and supportive.

READ MORE

SDR During 2024 – What is required and when?

UK asset managers will be busy during 2024 with SDR coming into force. The timeframes are relatively tight, and firms have a lot to consider for the three critical milestones occurring this year.

READ MORE

What Happens if Asset Managers do not do Regulatory Horizon Scanning?

Regulatory Horizon Scanning is critical to any Asset Management organisation today. So critical in fact, that not looking ahead to see what regulation is coming up that may or may not impact your business, is a bit like driving a car with your eyes closed. How can you see the road ahead, the signs, the hazards, that person on the pedestrian crossing, or where you are actually going?

READ MORE

Overseas Fund Regime Update

There has been much talk about the Overseas Fund Regime set to be implemented here in the UK. HMT and the FCA have now published a draft roadmap setting out the likely steps and draft dates. Here we summarise

READ MORE
We listen to your needs

We listen to your needs

We understand your problem

We understand your challenges

We suggest a solution

We provide solutions

We help with implementation

We help with implementation

Contact us to find out more

ISC is all about helping our clients be successful. Clients receive a personal relationship with our talented and pragmatic consultants, whose goal is to help them achieve success.