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CT Corporation's GMEI Services Help Corporations and Law Firms Stay Ahead of Regulations and in Compliance
NEW YORK, NY--(Marketwired - Apr 2, 2015) - Wolters Kluwer's CT Corporation, a leading provider of business formation and legal compliance services, is the first in the industry to offer a full-service Global Market Entity Identifier (GMEI) compliance solution in its suite of offerings.
The GMEI -- a unique 20-character code required for any entity participating in over-the-counter (OTC) derivative transactions -- was developed in response to the Wall Street Reform and Consumer Protection Act (also known as the Dodd-Frank Act). As a result of this requirement, businesses like Hedge Funds, Private Equity Funds, REITs, Fund of Funds (sub funds), Sovereign Funds and real estate companies have the administrative burden of obtaining and ensuring their GMEI codes remain in good standing for as long as they are participating in OTC derivative transactions. CT Corporation takes over the burden of filing for a GMEI code and keeping track of and fulfilling all maintenance requirements, saving companies time and reducing risk of non-compliance.
"Dodd-Frank imposes complex and costly compliance challenges that require rigorous new procedures, which if not done correctly, could result in financial consequences and impede a company's future ability to trade. With this offering, CT can help organizations with single or multiple subsidiaries manage time-sensitive and time-consuming operations associated with obtaining and maintaining GMEI codes," said Vijay Ramaiah, Director of Product Management for the enterprise segment of CT Corporation. "Our GMEI solution, combined with our suite of legal and compliance products and services, means that CT Corporation can meet customers' needs throughout the business lifecycle, from formation of an entity, to annual report filings and tax clearance, to its dissolution."
With the GMEI solution, CT:
To learn more about the GMEI offering and CT Corporation, please contact 844-201-2511.
About CT Corporation, a Wolters Kluwer Company
CT, a Wolters Kluwer company, works with businesses of all sizes to offer customized expertise and comprehensive solutions regarding everything from business formations to filing business licenses and ongoing compliance. Drawing on more than a century of experience helping businesses, CT is focused on helping businesses succeed, deliveringincorporation, legal and compliance solutions. As a trusted partner of the National Law Journal's top 250 law firms, CT works with more than 70 percent of the National Law Journal's top 250 law firms, 750 of the Fortune 1,000 companies and more than 300,000 small businesses every year. For more information, visit ct.wolterskluwer.com.
About Wolters Kluwer
Wolters Kluwer is a global leader in professional information services. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance and healthcare rely on Wolters Kluwer's market leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer reported 2014 annual revenues of EUR 3.7 billion. The group serves customers in over 170 countries, and employs over 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
For more information about our products and organization, visit www.wolterskluwer.com, follow @Wolters_Kluwer on Twitter, like us on Facebook, follow us on LinkedIn, or follow WoltersKluwerComms on YouTube.