Software designed specifically for regulatory reporting.
Never file updates or confirmation statements manually again.
Reduce the risk of human error through manual input or inconsistent data.
Report on Compliance
Constantly compare data in line of business systems against data held by the JFSC.
Changes to JFSC registry filings present a challenge when existing software is only designed to help file annual returns.
There's a new annual confirmation statement, and there is a raft of new requirements for you to provide and maintain information on significant persons with the JFSC.
Is the data in all of your internal systems consistent?
Do you know what information you've filed for every entity?
Can you quickly validate that everything you've reported, for every entity is accurate?
How will you reduce the risk of human error?
How will you know that you've reported changes to significant persons in time?
Will all of your software providers deliver the new features required in time?
How it Works
With software and support from XRM, you'll know your whole team is doing the right thing, at the right time.
1. Implement the software
With our battle-tested software, and unlimited support from our team, we’ll work with you to implement the software quickly, and efficiently.
We will manage the software installation, configuration, and connection to the JFSC API.
We will help you transform data from your line of business systems to the required format.
We will provide training for your team on the new system.
2. Check your data
Compare the data in your line of business systems to ensure there are no discrepancies. Then compare that with the data held by the JFSC. Review any differences, and automatically file any updates right within our software.
- Add, Amend, Remove Associated Parties
- Add, Amend, Remove a Nominated Person
- Amend Share Capital Structure
- Change of Registered Office
4. Monitor compliance
Following your first round of filings you will have continuous access to a comparison of the data that you’ve submitted to the JFSC, with the data in your line of business systems. Where there are differences, appropriate workflows and tasks can be automatically triggered.
No Impact on Your Expense Budget
No requirement for expense budget. No extra cost to your business. Simply a charge per entity, often charged as a client disbursement.
We’ve done it before
We’ve been working with the JFSC APIs since 2017.
When our supplier let us down we were left in a situation where we had to meet a tight deadline with very serious penalties for non-compliance. XRM Architects stepped in at very short notice, with little knowledge of the project, and took complete control of the situation. They worked tirelessly to extract and deliver the data to the regulators and went the extra mile to ensure that everything was completed in time.
Clive Le Marquand
Partner @ PKF BBA
Ready to find out more?
Fill in the form below and one of our consultants will get in touch to discuss how we can help.
Alternatively call us on 01534 505 010.