Linedata has announced its transfer agency software, Mshare, is now able to address regulatory compliance requirements with additional FATCA withholding tax capabilities and Anti-Money Laundering (AML) updates to its service.
Mshare will allow clients to automate some key aspects of regulatory reporting, including processing withholdings and record-and-track requirements for expiry dates on documentation. The software enhancement also involves an expansion of the private equity capability to include rebalancing and equalization functionality for private equity funds, which will allow new investors to partake in a fund’s existing capital calls whilst ensuring that existing investors are compensated.
“We are seeing the rise of the multi-purpose transfer agency function, where a single supplier is servicing traditional asset managers, hedge funds and private equity firms and needs the simplicity of a single system which can address the complexities of many markets," says Thierry Soret, head of back-office asset management at Linedata. "Linedata Mshare’s enhanced private equity functionality meets this demand, and we anticipate a strong take-up from third party administrators.”
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