3.11 Regulations Tab

This topic explains the Regulations tab of Product Maintenance Detail screen.

  1. On Product Maintenance Detail screen, click Regulations tab to enter the details.
    The Regulations details are displayed.

    Figure 3-11 Product Maintenance Detail_Regulations Tab


    Description of Figure 3-11 follows
    Description of "Figure 3-11 Product Maintenance Detail_Regulations Tab"

  2. Click FATCA Information tab to capture the details regarding Foreign Account Tax Compliance Act.
  3. On Regulations tab, specify the fields.
    For more information on fields, refer to the field description table.

    Table 3-11 Regulations - Field Description

    Field Description
    FATCA Information

    This section displays the following fields.
    FATCA Applicable

    Optional

    Select Yes or No to indicate whether FATCA is applicable. However, the system defaults the value No.

    FATCA Classification

    Alphanumeric; 25 Characters; Optional

    Select the classification of FATCA from the adjoining option list. The FATCA Classification is mandatory if FATCA Applicable is Yes.

    Description

    Display

    The system displays the description for the selected FATCA classification ID.
    FATCA Reason

    Alphanumeric; 255 Characters; Optional

    Specify the reason for FATCA classification.

    Employer ID Number (EIN)

    Alphanumeric; 50 Characters; Optional

    Specify the employer ID number. The Employer ID Number is mandatory if the FATCA Applicable is Yes.

    FATCA Effective Date

    Date Format; Optional

    Specify the FATCA Effective Date if FATCA is applicable.

    FATCA Effective Date cannot be lesser than the product rule effective date.
    UCITS

    This section displays the following details.
    UCITS Fund Allowed?

    Optional

    Select if UCITS is allowed or not from the adjoining drop-down list.

    The following are the options available:
    • Yes
    • No

    If you select Yes, during the portfolio mapping, you can select UCITS funds as part of portfolio.

    If you select No, then during portfolio mapping, the system will not allow you to select a UCITS fund.

    The system will display an error message as The product does not allow UCITS funds. Once the product is authorised UCITS Fund field is non amendable.

    MIFID

    This section displays the following fields.
    MIFID Product

    Optional

    Select if the product is scoped under MIFID regulation or not from the drop-down list.

    The list displays the following values:
    • Yes
    • No
    Product Risk Level

    Numeric; 2 Characters; Optional

    Specify the risk profile of the product. Alternatively, you can select the product risk level maintained in the system. The system displays all valid product risk level maintained in the system.
    Target Market

    Alphanumeric; 255 Characters; Optional

    Specify the country code of the Country to which the product is sold as part of MIFID regulation. Alternatively, you can select the country code maintained in the system. The system displays all valid country code maintained in the system.
    Investment Horizon

    Optional

    Select the investment objective from the drop-down list. The list displays the following values:
    • Long Term
    • Medium Term
    • Short Term
    Product Risk Level Description

    Display

    The system displays the description for the selected product risk level.

Parent topic: Product