TISA backs ISO platform re-reg system

It says the SWIFT-based solution provides a "quick win"  as it offers low messaging costs and a range of communication options including direct connectivity vie a SWIFT Bureau. The trade body's backing for a SWIFT-network based solution comes on the back of the FSA making it compulsory for platforms to offer re-registration by 31 December 2012, regardless of whether an automated system is in place. TISA's preference for an industry-wide system follows its establishment of a re-registration committee in July 2009 help platforms, fund management and fund administration firms agree a com...