The United Kingdom’s Financial Conduct Authority has authorised Accenture Post-Trade Processing Limited, a fully owned subsidiary of Accenture, for the provision of post-trade processing services, which it offers in collaboration with Broadridge.

The firm provides post-trade processing and technology services to support settlement, books and records, asset servicing, operational management and control, real-time data access and administrative accounting. It believes that its vision for a future in which banks pool transactions together to reduce IT and processing costs and follow new regulations is 'gaining traction.'

The Financial Services Register states: "Where this firm carries on regulated activities in the United Kingdom, it will be subject to regulation by the FCA. Where it carries on regulated activities in other EEA States, it may be subject to regulation by the FCA, a local EEA State regulator or both, depending on the activity undertaken."

The registration of Accenture Post-Trade Processing Limited itself is dated to 21st January this year, according to the register.