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Wolters Kluwer Financial Services: Helping to Ease the Burden of New Regulations

Wolters Kluwer Financial Services has developed a new checklist to help securities firms’ operations and IT departments prepare and gauge their readiness for the third phase of the cost basis reporting law, which goes into effect for fixed income securities and options acquired as of Jan. 1, 2013.

While financial services firms have already done a lot of work preparing for the cost basis reporting law’s initial effective dates for equities and mutual funds, the last phase of the law imposes significant new burdens on them.

Source:  OSIXMedia

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