Regulatory Reporting

Detailed and comprehensive functionality to manage FATCA reporting is contained in PAXUS. This includes an xml generation extract based on the US IRS specifications for FATCA reporting. The system stores failed FATCA checks for a given investor and provides the ability to record whether the fail has been remediated and what remedial action was performed.

PAXUS allows users to capture, record, check and report the information required by the Common Reporting Standard ("CRS") exchange of information obligations. PAXUS will populate the required XML report format with all relevant data held for subsequent upload to respective regulatory and governmental bodies.

PAXUS provides for the automated generation of an xml file for submission to FINRA’s Private Fund Reporting Depository. The system also contains a user friendly Form PF submission editor and an enrichment function to calculate and populate automatically those data elements which can be calculated directly from the PAXUS database. Further functionality has been provided for file storage and organisation of incomplete and complete submissions in the PAXUS database itself.

The Annex IV xml report for both the fund manager and underlying funds can be generated automatically from PAXUS. Similar to the Form PF functionality the system contains a user-friendly submission editor and an enrichment function to calculate and populate automatically those data elements which can be calculated directly from the PAXUS database.

A number of regional regulatory and tax reports exist for various jurisdictions including Luxembourg, Australia, Canada, USA and UK. More details are available on request.