11 Aug Release 11 August 2022 – Adviser/brokerage license compliance

Adviser/brokerage license compliance

In this release we have added the concept of license compliance for advisers and brokerages.

Previously available instruments/products on an adviser and brokerage served the purpose of determining if the adviser can sell/buy an instrument or product, in other words the Available instrument list on the adviser translated into ‘Does the adviser have a license to sell the instrument’. Now available instruments/products will only determine which product/instruments are available for an adviser and can be selected on an instruction on an account with the adviser.

With the new license compliance functionality we are removing the license component from available instruments/products and cater for this separately. It is now possible to implement the South African FSCA license categories or another standard of brokerage/adviser licensing. See link for more information.

More changes include:

• Add Automatic Exchange of Information (AEOI) SARS format. See link
• Add global permission ‘View fee portfolios’
• Add ‘Increment Account Numbers Ignoring Prefix’ to System->Configuration. See link
• Add first and last page arrow to transaction page on Instruments in the Current Holdings Card, where transactions extend over more than one page
• Limit access to AEOI reports to users with the global permission ‘Investor Admin’
• Add validation (=>0 or =<100) to the import of Effective tax rates
• Remove documents, without a document attached from all configurations
• Remove Investor Transaction Fee Threshold
• Add columns to the Transaction Types list (System->Transaction Types)
• Add ‘Should combine withdrawal payments’ option to System->Configuration. See link
• No changes to the Export Transaction Data Job (S3). See link

Last Updated on 4 years ago by Walther