Orient launches APRA-compliant service
One of the companies which helped pilot the Australian Prudential Regulation Authority's (APRA's) new regulatory reporting services, Orient Capital, has launched what it is describing as an "end to end" reporting service, which it says is supporting 60 funds.
The company announced this week that the service was being launched to coincide with the launch of the new APRA regulations and to meet first-quarter reporting mandates due in October.
Commenting on the launch, Orient Capital chief operating officer Paul Gardiner said increased regulatory supervision and disclosure had necessitated the company building a highly responsive solution that brought together data from multiple sources with the integrated workflow that automatically applied APRA's verification rules.
He said the company, via its relationship with Australian Administration Services and Link Super, was committed to remaining at the forefront of regulatory reporting services and any future changes imposed by the regulator.
Orient Capital is a member of the Link Group which includes AAS.
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