The Rules Screen is the best tool to use to get an overview of the over 400 rules maintained in FundApps. This screen can be accessed from the Rules dropdown as shown below:
The Rules Screen gives an overview of which rules are currently active within your system as well as rules which are disabled or awaiting approval. This article explains the information that can be presented on the Rules Screen and also which actions that can be taken from this screen to help manage the Rapptr rules.
The Rules Screen is split into three different sections, an action bar (top), a filter menu (left) and the actual rules (right).
The Filter Menu
The filters are named as intuitively as possible. There are however a few things that should be noted.
Assigned / Unassigned: A rule is assigned if it is part of a rule folder that has been assigned to one or more portfolios. This will be most common place for a rule to be in. An unassigned rule could for example be the Industry Limits rules, if the rule folder have not been assigned to any portfolios.
Upcoming: Rules that have a "Valid" date that is in the future will fall into this filter. This would be the case if we get notified of a regulatory change that comes into force at a future point in time. In this case FundApps will code the rule, deploy it and make it active from the specified date.
All rules: This filter contain absolutely every single rule that Rapptr houses, that is both deactivated, unassigned and rules that are no longer in force, as well as old versions of current rules.
The Actual Rules
This section displays all the actual rules alongside with useful information around the specific rule. This information includes: rule name, rule version, date of when it was approved, date from when the rule was valid, the country code and a direct link to the regulatory source.
These columns should be self explanatory, however there are few things that is worth noting.
1. You can sort on all these columns and filter on most of them.
2. Clicking the weight scale takes you to the relevant jurisdiction in the Aosphere rule finder portal, if the user is logged into the portal.
3. Clicking one of the rules will take you to the Rule Details Screen, where more information can be found and the actual rule algorithm can be investigated.
The Action Bar
There are three buttons that can be used in this part of the Rules Screen, which all do very different things.
Assignments: When a rule is highlighted and the "Assignment" button is clicked Rapptr will show each Entity/Portfolio that the highlighted rule will run on and in which aggregation structure.
Deactivate: A rule can be deactivated by highlighting it and clicking "Deactivate". We recommend that the user think carefully about the reason for deactivating a rule. Rapptr will further prompt the user to enter a reason for why the rule was deactivated.
Request New: This feature is mainly targeted at users that monitor prospectus rules, where this menu allows the user to efficiently request a new rule to be set up. This request will go directly to the FundApps support and content team.
Should anything still be unclear, please feel free to send us your question to firstname.lastname@example.org.