The UK Platform Group, formed from the UK's biggest platform providers, will agree implementation of a new re-registration solution over the next six months, with full roll-out to meet the RDR deadline at the end of 2012.
Following a review of how best to offer streamlined platform-to platform re-registration, with input from key support providers and fund management software firms, the platform group has agreed to adopt ISO20022 as its favoured approach. ISO 20022 provides the financial industry with a common platform for the development of messages in a standardized XML syntax. The Platform Group is now seeking to secure the industry's agreement to adopt ISO20022 as the industry standard. Stephen Mohan, chair of the UK Platform Group, says: "We are totally committed to delivering platform-to-platf...
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