All financial companies have to report financial information to the FSA (Swedish Financial Supervisory Authority). The reporting requirements mean that businesses have to be able to manage and deliver files in different formats. For many companies this means, increased IT costs, requirements to ensure expertise in new systems, and also to be able to assure the quality of the content according to the new requirements. This can be a considerable amount of work.
FCG has developed a model for regulatory reporting, which means that we take care of it for you. We have systems for the various formats and the knowledge to assure the quality of your reports. The service basically means that we get digital content from you and then we handle the entire process.
The flow can be briefly described as follows:
- FCG produce documentation to the reports, based on the balance sheets and income statements and necessary additional information from you. We run the issue and make sure that nothing is missing.
- FCG create transaction files that are validated and ready for uploading to the FSA reporting portal.
- Once the report is received and validated in the reporting portal, a receipt will be sent to you by e-mail.
FCG provides this service to investment firms and funds, banks and other credit institutions, as well as for AIF-fiduciaries.