Tisa-led industry group to fund re-reg solution

Tisa has brought together a coalition of major platforms, fund administration companies, fund groups, software providers and SWIFT to finance the programme. According to Tisa, the group has amassed a "significant budget" to finance the project and an office manager to drive the process. Its programme manager will report to the executive committee established by Tisa and chaired by David Dalton-Brown, head of Barclays Wealth funds and a Tisa non-executive director. The committee recently announced its preference for an industry-wide automated re-registration solution based on ISO200...