London, 28th September 2007 – Atlas Capital, a specialist funds-of-hedge funds investment company, has taken measures to demonstrate regulatory compliance and best practice by installing Metacompliance policy management system “MetaCompliance Policy Classic”.
The UK financial services industry is heavily regulated by Financial Services Authority (FSA) rules and organisations must constantly battle to remain compliant by implementing robust security and compliance tools. Provision of education and awareness tools for staff on laws and FSA rules by employers is essential to keep staff up to date on constantly evolving regulations of the industry. Traditional means of communication used by Atlas Capital such as email and signing of hard copy documents did not guarantee staff conformity and provide adequate documentation of staff acceptance.
Douglas Sharp, Compliance Officer with Atlas Capital, comments “MetaCompliance Policy Classic is the simplest solution we have found to control the distribution of our policies to staff and provides us with full records thereof for regulatory purposes.” Atlas Capital is now armed with an efficient and intelligent policy management solution that demonstrates to regulators a “best practice” approach to staff education and awareness.
Commenting on the importance for such a tool in the financial services industry, Robert O’Brien, Managing Director of Metacompliance says “Throughout the world, the Financial Services industry has an obligation to meet the highest standards in information security and awareness campaigns, and has show to regulators how they are meeting these standards. The MetaCompliance suite guarantees employee participation in Policy and Compliance communication.”
About Atlas Capital
Atlas Capital is a specialist investment manager and a leading provider of both single-strategy and multi-strategy funds of hedge funds. Atlas Capital is committed to providing investment solutions, adding value through active asset allocation and superior hedge fund manager selection. They offer clients the following services to provide the most suitable investment solutions: Funds of hedge funds; Advisory services; Discretionary portfolio management and Custom made funds of funds.