IVASS Provision no. 68, Italian Compliance: developments planned for the Sofia S64 release
With the introduction of Provision no. 68 IVASS concerning the amendments to the ISVAP Regulations no. 14/2008, 22/2008 and 38/2011 on segregated funds, SimCorp Italiana has started an analysis to define the actions to be carried out in SimCorp Sofia for the application of the new provisions concerning creation and administration of segregated funds.
April 18, 2018 - In particular, the developments planned with the release of Sofia S64 are related to the management of the “Riserva fondo utili” and to the updating of the Segregated Funds module in order to support the management of both previously implemented segregated funds and the new ones, both those that fully apply the “Riserva fondo utili” and the mixed ones.
For further information and more details, please contact us at sofia.gsrt@simcorp.com.