Westminster RPA is a Research Payment Account (RPA) administration service leveraging the expertise of Westminster Research Associates, a leading provider of commission sharing arrangement (CSA) aggregation services for over 20 years.

Key Benefits

• Compliant with MiFID II research unbundling requirements
• RPA administration service delivered in UK and Europe by FCA authorised firm—Cowen Execution Services Limited
• Full service model—Westminster RPA handles operations, minimizing administrative efforts and costs
• Supports all standard RPA funding models:
  • Client Charge
  • P&L funding
  • Accounting charge (“Swedish model”)
  • CSA sweeping of trading commissions
• Account generation of MiFID II compliant reports for regulators and clients
• Research budgets can be created within the platform or imported from all leading providers
• Westminster RPA handles all necessary “Know Your Customer” (KYC) and Anti-Money Laundering (AML)