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Arkk Compliance provides support for regulatory filings

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Arkk Compliance has launched a new service for regulated financial services firms. The firm has already been working with a number of investment firms on COREP and AIFMD filings since a soft launch back in April of this year.

“The service is designed as a fixed-fee solution that assists firms in their quarterly or annual filings,” says Nick Baldwin (pictured), who heads up the Arkk Compliance team. “From talking to regulated firms we realised that often those with a small back office team or overseas managers struggle to meet annual or quarterly deadlines for their filings due to lack of resource.
Additionally, when reporting to multiple European regulators, each with their own nuances, the process becomes less straightforward and requires knowledge of each regulator’s demands.”
Arkk Compliance delivers the practical hands-on work to get a firm over the reporting deadline and ensure the data submitted is compliant. Specifically, the firm offers a live filing service, hot and cold reviews and internal training on how to correctly populate regulators’ templates.
One fund management client says: "The quarterly burden of filing to multiple regulators throughout Europe, who seem to change aspects of the standard ESMA templates at will, is a real hassle to keep up with. With Arkk Compliance we have been able to concentrate on getting the right data together and then letting Nick and his team tackle the template population and filing.”
The service is designed to complement firm's internal processes and take away the headache of the mechanics of filing data.
“With Arkk Compliance, we want teams to be able to concentrate on their day to day roles and not have to sweat over complex, infrequent filings to their regulator,” says Baldwin.

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