In design
Actual breaches.
No noise.
Daily UCITS investment-limit monitoring for depositaries and trustees — a factual, black-and-white determination of what breached, per fund, per day. Not risk forecasting. Not judgement calls. The breaches that require action, detected systematically and tracked to resolution.
The gap it closes
Oversight duty is systematic.
The tooling usually isn't.
A depositary must monitor every fund against its investment restrictions, every day. In practice that duty is often discharged with sampling, spreadsheets and experience — hard to evidence, harder to scale.
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Rules live in documents
The UCITS floor is common to all funds, but each fund adds its own thresholds — buried in prospectuses and constitutional documents rather than a system.
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Checks depend on people
Without dedicated tooling, daily monitoring leans on manual review and judgement — effective people, but no systematic net underneath them.
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Evidence is scattered
When the regulator asks how oversight was performed, the answer lives across emails, spreadsheets and memory rather than one reviewable record.
How it will work
A rules engine on top of
data that's already validated.
Depositary Oversight is not another data pipeline. It consumes the same validated daily fund data — holdings, NAV, prices, FX — that already flows through the Veracis platform, and overlays three things:
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A configurable rules engine
The UCITS investment-limit floor as the baseline, plus each fund's own thresholds codified from its prospectus and constitutional documents. Binary determinations — breach or no breach.
- UCITS limits as the common floor
- Per-fund thresholds from fund documents
- Geared to each fund's structure
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A daily breach report
One report a day identifying the actual breaches that require action — factual findings a depositary can act on, not a probability score.
- Every fund, every day
- Breaches identified, not predicted
- Framed for trustee compliance
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A breach workflow
Each finding tracked from detection through action to resolution, with the communications around it — a standing, reviewable record of the oversight performed.
- Action management to resolution
- Communication trail per breach
- Evidence of oversight, on demand
Two audiences, one engine
Alerts for depositaries.
Early warning for managers.
The same rules engine serves two different jobs, presented two different ways.
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Depositaries & trustees
A compliance alert system: binary, factual breach determinations they must act on — with no interpretation layer between the rule and the finding, and an evidence trail behind every alert.
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IM compliance teams
A risk monitoring view of the same calculations: approaching-limit warnings, watch-lists and trends — the early signals that let a manager correct course before a breach ever occurs.
Depositary Oversight is tooling that supports and evidences an oversight function — it informs the depositary's judgement rather than replacing it.