We have added a new function to the Internal Funds Administration System
in line with the European Solvency II
Directive. The Aegon insurance company thus adapts its information system
to legislation aiming at unifying the
insurance market in the European Union and improving client protection.
The regulation is built on three pillars:
Factory 4 Solutions a.s. successfully completed the implementation of daily reporting of transactions in investment instruments into the PIC business system in accordance with the requirements of the Markets in Financial Instruments Regulation (MiFIR).
In cooperation with the Czechoslovak Commercial Bank, a.s. we have adapted the PrISBank system to the requirements of the European Union Privacy Act (GDPR). The new legislation brings significant changes and obligations. PrISBank secures the automatic forgotten of personal data at defined intervals, with pre-set deadlines for different types of recorded records.