Press Releases


Wolters Kluwer Financial Services Introduces Rule Archives Library


Library Simplifies Research of Historical Securities Compliance

WALTHAM, Mass. – March 24, 2008 – Wolters Kluwer Financial Services today announced the availability of the Rule Archives library. Offered through CCH® Wall Street’s Compliance Resource Network (CRN) and Wolters Kluwer Law & Business’ Internet Research NetWork (IRN), the library provides online access to prior versions of FINRA, NASD, NYSE, American Stock Exchange, and NYSE Arca rules dating back to 2000, greatly simplifying regulatory research for compliance and legal professionals.

With new and changing laws and regulations, financial services firms must not only stay current with the latest industry rules, but they must also have ready access to historical rules in order to oversee and manage compliance issues within their organisation, such as pending litigation, audits or arbitration. In these situations, firms must often refer to company records and historical regulatory data to demonstrate that they have remained compliant with changing rules and regulations or that past transactions met the specified regulatory requirements at that point in time.

Researching prior versions of exchange/self-regulatory organisation rules can be time-consuming, as compliance professionals look for specific rules from a particular timeframe. The task can be even more challenging if they are relying on print archive copies. The Rule Archives simplify the research process by making these prior versions available online, allowing users to easily access and compare current and prior versions of the rules on a single platform. And while other resources only offer two or three years of historical data, the Rule Archives date back seven years.

“Rules in the securities industry are constantly being updated, making it difficult to keep track of the latest changes and reference rules that applied in the past,” said Peter Berkery, vice president and general manager of Securities Compliance Solutions at Wolters Kluwer Financial Services. “Using the robust searching capabilities of the Compliance Resource Network or Internet Research NetWork, compliance and legal professionals can now quickly pinpoint the version of a rule that applied at the time a transaction or event occurred in the past.”

For more information on subscribing to the Rule Archives, visit www.cchwallstreet.com, call 866-220-0297 or e-mail cch-wallstreetinfo@wolterskluwer.com.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organisations manage risk and improve efficiency and effectiveness across their enterprise. The organisation’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street®.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organisations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2006) of € 3.4 billion, employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.