New York and Bornemouth (UK), November 10 2017 — WAY Fund Managers, a British Asset Manager dedicated to the operation of collective investment schemes, has selected OTCFin and Morningstar to assist them with their implementation of the PRIIPs regulation. OTCFin is a financial technology firm that specializes in risk and portfolio data management tools as well as regulatory data management and reporting for asset managers, hedge funds and institutional investors.

OTCFin will work in partnership with Morningstar to provide WAY Fund Managers a fully integrated PRIIPs KIDs and EPT solution that includes both the PRIIPs calculations and the production of EPT and KIDs.

OTCFin will focus on:

• Sourcing and monitoring all necessary fund data such as historical returns and costs information, either directly from the clients, their external fund managers and/or market data providers.
• Perform the SRI, performance scenario and cost calculations that support all Fund Categories.
• Produce the calculated outputs in EPT format for distribution to Insurance producers.
• Integrate all calculations with Morningstar’s document production system, MPS, to produce the KIDs.

WAY Fund Managers followed a rigorous process to evaluate the strength, expertise and quality of the OTCFin-Morningstar PRIIPs/KIDs service offering and will be able to meet their PRIIPs KIDs regulatory requirements in a timely manner.

Ee Wah Lim, Managing Director of OTCFin, notes: “We are extremely pleased to provide WAY Fund Managers with our PRIIPs data and calculations expertise which, when combined with Morningstar first-class document service capabilities, offers an unparalleled, fast track, one-stop shop PRIIPS KIDs solution.”

About OTCFin www.otcfin.com
OTCFin is a Financial Technology firm that provides risk and regulatory data management and reporting solutions to buy-side and sell-side clients. Over the past 18 years, the firm has worked closely with its clients to implement enterprise-wide data and analytics integration and reporting processes on its PATOne platform, alleviating their data management burden and enabling them to focus on core business activities. OTCFin PATOne platform helps clients centralize data and analytics from numerous and disparate sources to provide a comprehensive and systematic view of their assets to meet regulatory reporting requirements such as Solvency II, Basel, AIFMD/Form PF/OPERA and PRIIPs KID. The company has offices in New York, Barcelona, New Delhi and representatives in London, Paris and Rome.

Morningstar, Inc. is an investment research and investment management firm headquartered in Chicago, Illinois, United States. Morningstar is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $220 billion in assets under advisement and management as of Sept. 30, 2017. The company has operations in 27 countries.

As a Fund Operator, the company provides Authorised Corporate Director (ACD) services to open-ended investment companies, Authorised Fund Manager (AFM) services to unit trusts and acts as Operator for authorised contractual schemes. Regulated by the Financial Conduct Authority (FCA), WAY Fund Managers has the regulatory responsibility for the compliant operation of all funds under management. “Our robust levels of oversight and support help fund managers understand and comply with the challenges posed by today’s rigorous regulatory environment”.