Atlantic Fund Services monitors US 1940 Act Compliance with MIG21 and LawCards by Princeton Financial Systems
Implementation of New Scalable Compliance Infrastructure for Regulatory and Contractual Compliance Monitoring in Record Timeframe
Atlantic Fund Services (formerly Atlantic Fund Administration) went live with Princeton Financial Systems' MIG21 and the US 1940 Act LawCard in less than ten weeks. Atlantic Fund Services (Atlantic), a full service fund administrator, uses Princeton Financial Systems' MIG21 and the 1940 Act LawCard to monitor regulatory and contractual compliance.
The solution allows Atlantic to offer its clients comprehensive and rigorous oversight for mutual funds, including money market funds, in line with the Investment Company Act of 1940 (1940 Act) and the recent money market reforms proposed by the Security and Exchange Commission. MIG21 is hosted in Princeton Financial Systems' state-of-the-art Data Center in Princeton, New Jersey. The solution, eMIG21, has been integrated with SunGard's Asset Arena accounting system, market data providers and other internal systems, and replaces an installed commercial compliance system.
eMIG21 provides the same comprehensive compliance and risk monitoring functionality as Princeton Financial Sytems' market-leading compliance solution MIG21 while reducing maintenance, infrastructure and IT resource costs for MIG21 clients.
 In order to compete in today's market, we need a tailored and scalable compliance infrastructure that allows us to offer the most comprehensive service now and into the future. MIG21's flexible rule creation, data integration, management and reporting capabilities and ability to support an expeditious implementation were crucial factors in our decision. In addition, Princeton Financial Systems' Data Center offering was so compelling that we opted for the Software-as-a-Service (SaaS) delivery model, eMIG21. We are pleased with the speedy implementation of eMIG21; Princeton Financial Systems' compliance and technical experts were critical to our success.
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| Gale Bertrand Senior Vice President of Atlantic Fund Services |
| We are happy to see demand for MIG21 and our cost-efficient and low risk end-to-end compliance SaaS solution eMIG21 growing so rapidly. The SaaS delivery model eliminates usual IT infrastructure headaches, helps clients cut cost while at the same time improving reliability and security. Clients see eMIG21 as the safe choice because it is the compliance solution most widely used by service providers, and is hosted and serviced by experts from Princeton Financial Systems, the MIG21 creator, in their own dedicated data center. We are confident that no other vendor can provide a more comprehensive investment compliance solution than MIG21, or implement faster than we can.
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| Jim Russo CEO of Princeton Financial Systems, LLC |
About Atlantic Fund Services
Atlantic Fund Services (www.atlanticfundservices.com), a subsidiary of Forum Trust, LLC, is a third-party fund administration outsource provider delivering comprehensive fund administration, fund accounting and transfer agency services in the U.S., and internationally through Obsługa Funduszy Inwestycyjnych Sp. z o.o. (OFI), a Warsaw-based affiliate. Atlantic's and OFI's services are supported by decades of industry expertise and advanced technology, providing clients with customized, high quality service and robust remote data access. Atlantic emphasizes regulatory compliance and highly controlled systematic and automated back-office operations, which allows clients to focus on their core products and investment advisory disciplines.