Linedata Icon Retail helps clients to face RDR challenge

Multi-currency, multi-enterprise retail shareholder solution ready ahead of the FSA’s RDR live date

PARIS and LONDON, July 3, 2012 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, is geared up to help its clients cope with the Retail Distribution Review (RDR) deadline at the end of the year. With Linedata Icon Retail, a leading transfer agency system, and part of Linedata’s comprehensive transfer agency and shareholder recordkeeping solution, clients can handle pre- and post-RDR retail business effectively.

Coming into force on 31st December 2012, RDR is a key part of the UK Financial Services Authority’s (FSA) consumer protection strategy for the retail investment industry. In line with this regulatory initiative which will remove the potential for product bias, Linedata Icon Retail enables its clients to process both commission and fee-based transactions for new investments while continuing to manage legacy commission for existing business. In addition, where new share classes with lower annual management charges have been introduced to meet with RDRs objective of a transparent and fair charging system, Linedata Icon Retail allows the investors’ holdings to be transferred easily into them from traditional retail share classes.

“RDR has been in discussion and development for a number of years – most rules have only recently been agreed and some have yet to be finalised,” commented Paul Westgate, Product Manager at Linedata. “In anticipation of the initiative, we worked closely with our customer base from an early stage. We developed facilities that recognised that the rules were still subject to change and interpretation and allowed customers to implement whatever post-RDR business model was appropriate. With Linedata Icon Retail, we’re confident that our clients have a truly flexible solution, allowing them to switch to new share classes or rebate annual management charges if existing classes are maintained. This is a great advantage for TPAs who service many different fund providers.”

Linedata Icon Retail is a scalable transfer agency system for marketing, managing and catering for the demands of collective investment funds, suitable for fund providers and administrators of all sizes.

ABOUT LINEDATA

Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the setup of SaaS infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 137.3 million in 2011. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.

Linedata Icon Retail is a transfer agency system for marketing, managing and fully catering for the demands of collective investment funds, across all business channels. This solution is adaptable, scalable and suitable for fund providers and administrators of all sizes. The system incorporates a carefully designed open architecture, allowing new products to be introduced quickly and easily.

_______________________________________________________________________________________________

For more information, please contact:

Linedata
Beth Allan, Marketing Manager Northern Europe
Tel: +44 207 469 8724
beth.allan@uk.linedata.com