Mandate Compliance Software

Lazorne Group Pty Ltd (“Lazorne Group”) has access to specialised and sophisticated post trade compliance software, which is used by one of Australia’s largest Fund Managers across the suite of its Managed funds (since 1998). Accordingly, it has been in production for more than 10 years and has been maintained, tried and tested.

This software, known as Mandate Compliance System (or “MCS” ) was used by the Risk and Compliance Team to assist in the monitoring of the status of mandates managed by the organization.

MCS enables complicated checks to be performed to ensure the Fund Manager is complying with their stated mandate i.e. the system performs compliance monitoring across the organisations clients, mandates, portfolios and investments.

MCS is used to execute portfolio compliance checks across various Funds (or portfolios). The checks are performed daily, producing breach summaries for all portfolios and a compliance report for each portfolio.

The software is robust, well established and comprehensive i.e. it already has a library of over 4, 000 compliance rules accumulated over the life of the software, which can be made to measure (tailored) for any Fund.

Lazorne Group owns the rights to this software and it is currently being integrated into our Fund Administration (Accounting) services business. The aim is to enable Fund Managers to promote to their investors that an external and independent third party is monitoring them to confirm that they are complying with their stated mandate and/or risk profile using a sophisticated piece of technology (and not excel spreadsheets...!).