Personal Account Dealing and Declarations
Optimai Personal Account Dealing Solution mitigates reputation risk due to front running of trades, and improves compliance workflow. It performs pre-trade check of employees' personal investment activities against laws, regulations and conflict of interests, and supports regulatory declarations.
This is an easy-to-adopt solution. During implementation, FMCs may configure their compliance rules such as restricted security, pre-trade blackout period, minimum holding period, as well as the approval process flow according to compliance policies.
And the solution is easy-to-use. Employees may submit pre-trade requests electronically. The system then automatically checks these trade requests against pre-configured compliance rules, and generate a rejection email if there is a breach. Pre-trade requests that clear the system checks will be routed to approvers via email. Approvers may review the trade details on the email on their mobile devices or computers; and approve/reject the trade directly. Employees may check the status of their trade requests on the system, as well as update contract notes after the trade.
The following declarations are supported:
► Form 15
► Initial & Annual declaration
► Fit & Proper Declaration
► Outside Business Interests
► Related Party
The system also automatically sends reminder emails to employees to file their declarations, at a frequency that is pre-determined by Compliance.
Our customers use this solution to comply with Securities and Exchange Commission (SEC) and Monetary Authority of Singapore (MAS) personal account dealing policies and declarations.