Russell Investments has selected ACA’s Regulatory Reporting Monitoring & Assurance (ARRMA) service to help manage its transaction reporting arrangements.
The service, which combines technology and consulting, will help Russell Investments identify and resolve transaction reporting issues.
ACA has provided MiFIR assurance reviews for Russell Investments since May 2021 and the partnership has now been extended to include EMIR reporting.
ARRMA can be combined with ACA’s ComplianceAlpha surveillance solution, of which Russell Investments is already a customer. The integration is available via a direct file upload mechanism on ACA’s ComplianceAlpha platform.
The extension of Russell Investments’ mandate with ACA comes as geopolitical issues and compliance demands increase, which have led to a significant rise in reporting obligations for many financial services firms, says ACA Group.
Mark Smith, compliance director for EMEA at Russell Investments, says: “What ARRMA provides is completely independent assurance, with an additional layer of technical insight and practical, pragmatic support through consulting expertise. We are delighted with the service ACA provides and we believe they will help improve the efficiency of our reporting processes over time.”
Charlotte Longman, director and co-lead on ACA’s ARRMA service, adds: “ARRMA is a cost-effective solution that helps firms of all types and sizes with their reporting, from sophisticated and established firms like Russell Investments to boutique start-ups.
“We continue to evolve the solution with new features and enhancements based on feedback from Russell Investments and other clients, as well as the priorities of different regulators, and guidance from our subject matter experts.”
