News Archive 2007
21 December 2007
Seasons Greetings
Best wishes for 2008 from Aquin
18 December 2007
Aquin's Latest Newsletter is available!
Check out Aquin's latest Newsletter here. To register for the upcoming February 2008 edition, click here.
10 December 2007
Aquin supports "Médecins Sans Frontičres" with a donation
This year, Aquin decided not to send Christmas presents, but to support the international aid organization
"Médecins Sans Frontičres" with a donation.
26 November 2007
Annual Compliance Awards: MIG21 Shortlisted for Category 2008 Best Technology Solutions
Aquin's MIG21 has been shortlisted for the prestigious 4th Annual Compliance Awards, in the category 2008 Best Technology Solution.
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More21 November 2007
Aquin presents new LawCard® DE-InvG 2008 at 2nd LawCard®-Forum InvG in Frankfurt
After the successful introduction at the beginning of 2007, Aquin organized the Second LawCard®-Forum in Frankfurt on November 15th which dealt with the amended German Investment Act (InvG). In addition to numerous participants of well-known asset managers and custodians, there were also representatives of the biggest German organization for Asset Management (BVI) and the data provider "WM Datenservice".
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More19 November 2007
Aquin boosts its presence on international investment management conferences
In 2007, more than two-thirds of our events took place abroad: we were present at important industry events in Switzerland, France, Luxembourg, Ireland and England. In addition, we organised our own, popular symposia, such as the First Austrian Fund Day, the Second Swiss Fund Day and our LawCard-Roundtables in Luxembourg.
This year, Aquin exhibited in the United States for the first time. In September, we were at the Cutter Technology Alliance™ Meeting in Boston and on November 27th/28th, we look forward to welcoming you in New York at the Technology Council™.
This trend is set to continue in 2008 when, in accordance with our expansion strategy, our event program will be complemented with additional conferences in the United States, as well as with the Fund Forum in Asia and the Middle East.
We are currently planning for 2008. Please check our event calendar regularly for updates.
16 November 2007
Nordcon automates fund tax reporting with TAX from Aquin
By the end of the year, Nordcon Investment Management AG will no longer have to worry about manual entries for the fund tax reporting. With Aquin's software "TAX", the complex Excel solution will be replaced. Nordcon will then benefit from a high level of automatisation and even employees who do not deal with this topic every day will be able to use the software without the need for a long training period. This way the business will continue to function, even if the main user of the software is unavailable.
6 November 2007
NEUE BANK AG enhances compliance functionality with MIG21 from Aquin Components
NEUE BANK AG has selected MIG21, the compliance solution offered from Aquin Components for buy-side firms, for enhanced compliance functionality. To guarantee a high level of efficiency and quality, MIG21 was picked as the preferred solution for the automation of the company's monitoring procedures.
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More5 November 2007
New Aquin US address
Our office address and phone number in the USA have changed to:
Aquin US, 101 Federal Street, Suite 1900, Boston, MA 02110, USA
Aquin US, 101 Federal Street, Suite 1900, Boston, MA 02110, USA
31 October 2007
Aquin Components launches LawCard® for German Investment Act 2008
Aquin today announced the launch of "DE-InvG 2008", the latest addition to its successful Aquin LawCard® series. It is the first product to cover revision of the German Investment Act 2008.
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More29 October 2007
Aquin Components takes over Aquin France S.A.R.L.
The takeover emphasizes Aquin's strong commitment to the French market and is in line with the company's international expansion strategy.
English Press Release
French Press Release
English Press Release
French Press Release24 October 2007
MIG21 Rules related to Eligible Assets published in LawCard-Portal
LawCard customers can now access MIG21 rules concerning the Eligible Assets Directive via the LawCard-Portal. These rules are part of the new German LawCard DE-InvG 2008, which will be presented to compliance officers at the upcoming Aquin LawCard-Forum.
18 October 2007
Next LawCard-Forum on November 15 in Frankfurt
Aquin's next German LawCard-Forum is scheduled for November 15 in Frankfurt. This expert forum for compliance officers addresses the new Aquin LawCard for Germany, incorporating all changes related to the amended German Investment Act 2008 and the Eligible Assets Directive.
15 October 2007
FinOps AG: MidOffice Services with Aquin
4 October 2007
The Science of Compliance
The compliance officer will play an ever more important role in an organisation, says Andrew White of Aquin Components in Financial Services Technology.
"The Science of Compliance"
"The Science of Compliance"25 September 2007
Opportunity Knocks
The old adage "every challenge is an opportunity" has been turned on its head for fund managers this year, says Andrew White of Aquin Components in Investor Services Journal.
"Opportunity Knocks"
"Opportunity Knocks"24 September 2007
Successful LawCard® Roundtable in Luxembourg
A very successful LawCard® Forum in Frankfurt in early 2007 motivated Aquin to share its competencies in this area with customers in Luxembourg. Therefore, the LawCard Roundtable took place on 21st September in the Hōtel Parc Belair in Luxembourg. A selective group of eight compliance officers from five well-known asset management companies and custodians participated. The main topic was the implementation of the EU directive concerning Eligible Assets in the LawCard LU-UCITSIII/UCI for Luxembourg.
In this context, it is particularly difficult to get the data that is necessary for checking the new provisions. That is why Aquin is already in contact with data providers. The target is to present a common solution that fulfils the legal requirements and aligns these with the LawCard rules by the beginning of 2008.
The next roundtable will take place in the second half of January next year. It will deal with the new CSSF Circular 07/308 about risk management and derivative financial instruments. We look forward to discussing this with you!
If you have any further questions, please do not hesitate to contact your account manager or send an e-mail to sales@aquin.com.
21 September 2007
New online tool RiskComply™ available
Discover the benefits of our innovative online tool for compliance monitoring and risk control at our launch event on October 2nd, 2007 in Frankfurt!
More details
Register here
More details
Register here 10 September 2007
Aquin Newsletter 04/07 is online!
Our latest newsletter updates you on developments at Aquin, provides product news or insights on customer successes. Have a look at it here or register for the next one.
10 August 2007
Aquin announces first LawCard® Roundtable in Luxembourg
The first LawCard® Roundtable will be held in Luxembourg on September 21th. With this event, Aquin launches a networking and discussion platform targeting Investment Compliance Officers and Risk Managers. The LawCard® Roundtable will in future be organized on a quarterly basis in Luxembourg and Germany. Central topic of the upcoming event is the implementation of the Eligible Assets directive in MIG21.
13 July 2007
Union Investment reports voting rights with Aquin's MIG21
Union Investment, in co-operation with Aquin Components, has implemented the rules for determining the allocation of voting rights in accordance with §§ 21 et seqq. WpHG (Securities Trading Law). The compliance system MIG21 now uses rules to monitor the investment limits of European issuers. The solution has been in production at Union Investment since June 2007.
With the European transparency implementation guideline (Guideline 2004/14/EG) comes a change to the reporting and publication responsibilities at a European level. This affects all European investment companies which must report changes to voting rights for particular investment limits.
This new ruling, in the form of the Transparent Implementation Guideline (Transparenzrichtlinie-Umsetzungsgesetz, abbr. TUG), came into effect in Germany on 20th January 2007. The rulings concerning voting rights, in accordance with §§ 21 et seqq. WpHG, determine that when limits reach, exceed or fall below 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% or 75%, an issuers voting rights must be reported to the issuer and to the German Financial Supervisory Authority (BaFin) within 4 trading days.
This MIG21 solution, implemented at Union Investment, also encompasses the national checking and reporting regulations for voting rights of all EU countries.
The solution is now available as a standard rule package.
With the European transparency implementation guideline (Guideline 2004/14/EG) comes a change to the reporting and publication responsibilities at a European level. This affects all European investment companies which must report changes to voting rights for particular investment limits.
This new ruling, in the form of the Transparent Implementation Guideline (Transparenzrichtlinie-Umsetzungsgesetz, abbr. TUG), came into effect in Germany on 20th January 2007. The rulings concerning voting rights, in accordance with §§ 21 et seqq. WpHG, determine that when limits reach, exceed or fall below 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% or 75%, an issuers voting rights must be reported to the issuer and to the German Financial Supervisory Authority (BaFin) within 4 trading days.
This MIG21 solution, implemented at Union Investment, also encompasses the national checking and reporting regulations for voting rights of all EU countries.
The solution is now available as a standard rule package.
22 June 2007
New LawCard for Swiss Collective Investment Law 2007 available now
The new LawCard® CH-KAG 2007 is available. Bank Julius Bär will use it as the first customer in Switzerland. The new LawCard® covers investment limits for KKV and KKV-EBK for "Effektenfonds", "traditionelle Fonds" and Alternative Investments.
14 June 2007
Aquin Newsletter 03/07 is online!
Our latest newsletter updates you on developments at Aquin, provides product news or insights on customer successes. Have a look at it here or register for the next one.
11 June 2007
New Fund Tax Reporting Software from Aquin
Citigroup, Warburg Invest, M.M. Warburg LuxInvest and Indexchange opt for TAX. TAX determines the basis for taxation in accordance with §5 of the German Investment Tax Act (InvStG) and automates the creation of WM reportings, disbursement decisions, verification statements and capital gains tax registrations (KESt).
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More04 June 2007
Dresdner Bank Luxembourg opts for Aquin Components
DEBAS portfolio reconciliation and MIG21 investment compliance monitoring -
competitive edge through trend-setting technologies.
Thanks to the automation; core processes such as fund NAV checking are carried out significantly quicker with a consistently higher level of quality and at the same time reducing operational risk. Aquin integrated DEBAS in just 45 project days.
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Thanks to the automation; core processes such as fund NAV checking are carried out significantly quicker with a consistently higher level of quality and at the same time reducing operational risk. Aquin integrated DEBAS in just 45 project days.
More29 May 2007
Seasoned expert to spearhead Aquin's UK expansion
Pat Dolan, the newly appointed Vice President International Sales, has a clear mandate to raise the visibility of Aquin's suite of professional compliance solutions. Based at Aquin's smart new premises in London, Dolan will focus especially on ramping up sales in the UK, North American and Asian markets.
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More18 May 2007
Roman Harbich Appointed New Chief Operating Officer of Aquin Components
Roman Harbich was appointed Managing Director and COO of Aquin Components GmbH on 25th April. In his new role, Mr Harbich is responsible for sales, marketing and professional services. This appointment will expand on the senior management capability of the Aquin board in order to boost growth and drive international expansion.
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Plus d'infos
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Plus d'infos14 May 2007
Standard & Poor's teams with APT and Aquin Components to launch compliance and risk monitoring service
23 April 2007
Optimized Investment Compliance with MIG21 6.1 from Aquin Components
The new release for its compliance software MIG21 will be released on May 1 this year. Among the most important enhancements of this release are performance optimization for ex-Ante and ex-Post compliance checks and cost of ownership. From a functional perspective we have optimized breach views and breach handling. Furthermore, compliance workflow support was improved.
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More19 April 2007
Nordcon AG automates annual reporting through Aquin`s RBK
Since 1st March 2007 Nordcon Investment Management AG generates its annual and semi-annual reports for all public and institutional funds at the push of a button, thanks to RBK. The annual report generator RBK automates the entire report generation process; from the incorporation and processing of fund accounting data to the ready-to-print report layout.
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More17 April 2007
RBS (Luxembourg) S.A. selects Aquin Components
Frankfurt, 17. April 2007. RBS (Luxembourg) S.A., member of the Royal Bank of Scotland group, has selected Aquin Components' compliance software MIG21. Aquin is a software solutions provider to the international asset management and fund industry. The solution distinguishes itself through great flexibility and a high degree of automation. MIG21 will be put into production in the 2nd quarter of 2007 and will perform the Ex-Post checking of funds domiciled in Ireland and Luxembourg.
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More12 April 2007
MIG21 Investment Compliance now supports Austrian InvFG
The new MIG21-LawCard® for the Austrian Investment Law InvFG (so-called Investment Fonds Gesetz as of 1993) is now available. InvFG-LawCard® comprises the investment guidelines rules for funds regulated under paragraph 4, 20, 20b (guideline conformity) of InvFG 1993 in relation with the Derivates regulations as per end 2006 / beginning 2007.
The InvFG (1993) forms the base regulations for investment companies in Austria. This law became UCITSIII compatible in 2003 through the amendment 2003/80. The recent changes made public in 134/2006 illustrated additional adjustments to InvFG bringing it into line with other UCITS regulations. A further important amendment has been the 2nd derivative risk calculations and reporting directive. The latter is valid since August 2005 and is similar to the German derivative directive.
For further information please contact your account manager (sales@aquin.com).
The InvFG (1993) forms the base regulations for investment companies in Austria. This law became UCITSIII compatible in 2003 through the amendment 2003/80. The recent changes made public in 134/2006 illustrated additional adjustments to InvFG bringing it into line with other UCITS regulations. A further important amendment has been the 2nd derivative risk calculations and reporting directive. The latter is valid since August 2005 and is similar to the German derivative directive.
For further information please contact your account manager (sales@aquin.com).
02 April 2007
Aquin Components implements MIG21 at Raiffeisen company RSC Vienna in just three months
In collaboration with Aquin Components, Vienna RSC Raiffeisen Daten Service Center GmbH (RSC) has implemented the investment compliance tool MIG21. The project was completed successfully in a record time of just three months. In addition to the installation and configuration of MIG21, this included the setup of investment controlling processes as well as user training.
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More19 March 2007
Aquin Expands Luxembourg Operations; Names James King Benelux Country Manager
Aquin Components is strengthening its presence in Luxembourg. In addition to new offices, Aquin is also increasing its consultant team. Mr. James King is the new Country Manager Benelux and as such responsible for the business in Luxembourg, Belgium and the Netherlands.
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More21 February 2007
Oh lą lą - French Bank Trusts in Aquin Components
With the French CACEIS Group, another global player in the investment management industry chose MIG21 compliance module from Aquin Components. Aquin's MIG21 enables the CACEIS Group to monitor its depository bank and fund management business worldwide.
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More20 February 2007
Aquin supports Swiss collective investment law (KAV) with new LawCard®
A new MIG21 LawCard® will be released in the first half of 2007. This LawCard® will cover all changes of the new collective investment law, the so-called KAG, and the corresponding KAV directive. So far, two regulations exist for funds in Switzerland: AFV and BVV. Both are supported by the current MIG21 LawCard® CH-AFG_2004.
Please contact your account manager for details (sales@aquin.com).
19 February 2007
MIG21 supports notification of voting rights
MIG21 automates the notification of voting rights. The requested report is generated via the MIG21 Reporter module when a rule breach occurs. The corresponding rules are incorporated into the MIG21 LawCards®. This feature was initially added to support § 21 of WpHG [German Securities Trading Act] and has since been standardized to support voting right notifications for other countries as well.
Please contact your account manager for details (sales@aquin.com).
16 February 2007
New LawCard® for New German Investment Act 2007
Aquin Components provides a new LawCard® InvG 2007, which incorporates the changes resulting from the upcoming revision of the German Investment Act 2007 (InvG-Novelle 2007) plus the changes of EU directive on Eligible Assets. The InvG 2007 LawCard® is scheduled to be released after the adoption of the New Investment Act 2007 (InvG Novelle) in the 3rd quarter of this year.
As a first step, Aquin has discussed interpretation issues of Eligible Assets and the draft of the revision of the German Investment Act with representatives of the biggest German investment management companies. Please read our report on the LawCard®-Forum as of February 14th for details or contact your account manager (sales@aquin.com).
16 February 2007
Aquin's LawCard®-Forum hit the mark!
On February 14th, the Aquin Group organized the first LawCard®-Forum. 17 Compliance Officers from 9 well-known capital investment companies and custodian banks located in Germany, as well as a representative of the biggest German organization for Asset Management (BVI) took part at the forum. The main topics concerned the amendment of the German Investment Act and "Eligible Assets."
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More13 February 2007
3rd Annual MIG21 Client Conference in Paris well received
More than 30 people gathered at the local French MIG21 Client Conference held in Paris on February 13th. This conference is organized by Aquin France annually and provides the opportunity for local MIG21 customers in France to connect with peers and representatives from Aquin France and the Aquin headquarters in Frankfurt, Germany.
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More09 February 2007
March is an important month for events at Aquin!
Aquin is close to the market! You will be able to meet us at five events in four different countries. Be it at the TSAM in London, the Forum GI in Paris, the BVI IT Solutions in Frankfurt or the Fund Compliance Summit and the ALFI Spring in Luxembourg - we will supply you with up-to-date information on our products and innovations.
We look forward to meeting you in person.
05 February 2007
DVS 5.0 released
Aquin Components released version 5.0 of its data management solution DVS. With DVS 5.0, the Aquin data management team has once again demonstrated proximity to customer needs by rapidly and flexibly integrating new market requirements into the DVS relase schedule. Your account manager (sales@aquin.com) will be happy to provide you with additional information or detailed release notes.
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More26 January 2007
MIG21 and DVS are now integrated with Xentis at Metzler
Last year, the Metzler Investment GmbH, a capital investment company in Frankfurt, has started migrating their public and institutional funds to the new fund accounting system XENTIS. Within this project the Aquin systems in use by Metzler Invest - MIG21 for investment compliance checking (pre- and post-trade) and the investment data hub DVS - have also been integrated with the new fund accounting system. Metzler Invest is very happy both with the performance of the systems and with the very short implementation period.
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More25 January 2007
Are you aware of the impacts of the amendment of the German Investment Act?
The Aquin LawCard® team has analyzed the draft of the revised German investment act (InvG-Novellierung) published in January 2007. Customers will find a detailed overview on the expected impacts and on all resulting MIG21 rule changes in the Aquin
LawCard-Portal.
Contact
| Princeton Financial Systems Cyndi Flanagan Manager Global Marketing & Events 600 College Road East Princeton, NJ 08540 Tel. +1.609.987.2400 Fax +1.609.987.9320 E-Mail: marketing@pfs.com |