London, 25 August 2016 – AxiomSL, the global leader in regulatory reporting and risk management solutions announced today it would provide a new shareholding disclosure service using content from online legal services provider aosphere LLP, an affiliate of leading international legal practice Allen & Overy LLP.
aosphere provides AxiomSL with detailed legal memoranda and alerts on changes to shareholder disclosures legislation which will form part of AxiomSL’s strengthened offering to financial firms worldwide.
The AxiomSL solution leverages legal information and guidance notes from the Rulefinder Shareholding Disclosure product provided by aosphere. aosphere specializes in offering user-friendly access to complex legal content for all sizes of financial institutions.
The AxiomSL shareholding disclosure solution aggregates a group’s total shareholdings for a particular issuer in individual entities and compares these amounts with the total issued share capital or voting rights for that issuer, depending on the jurisdiction. The solution then monitors if the group has accumulated a substantial shareholding or if the percentage shareholding has breached any regulatory thresholds, and therefore may be obliged to report the disclosure event.
Our solution covers monitoring and reporting for substantial holding, short-selling, take-over and industry limits. The solution features a monthly release cycle to proactively manage regulation and reporting changes with full transparency.
“We’re pleased to complement AxiomSL’s compliance offering with our world-class Rulefinder service which provides a detailed analysis of global reporting obligations,” said Marc-Henri Chamay, Chief Executive, aosphere.
Commenting on the launch of the service, Ed Royan, Chief Operating Officer EMEA, AxiomSL said, “Firms need a single platform with embedded rule sets that reflect the shareholding disclosure requirements in all of the countries in which they have investments. We continually update our reporting templates to reflect regulatory changes. This leaves firms free of arduous development work and eliminates the cost of maintaining a separate data system in each jurisdiction.”
The AxiomSL platform will utilize aoesphere’s Rulefinder which will update the rules for shareholding disclosure requirements in 87 jurisdictions, so firms can be confident that their disclosures are both compliant and transparent.
“AxiomSL offers a single platform for all regulatory reporting, not just shareholding disclosures. We are reducing the risk and regulatory burden on our clients by providing a single platform that can be used to comply with multiple regulations globally,” said Ed Royan.
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aosphere, an affiliate of leading international legal practice Allen & Overy LLP, has a client base which includes an impressive list of more than 300 of the world’s leading investment banks, asset managers and funds. aosphere has expertise in key areas such as shareholding disclosure (including short selling), cross border marketing restrictions, data privacy and derivatives to provide subscription products which help their clients to reduce legal, regulatory and operational risk. www.aosphere.com
AxiomSL is the global leader in regulatory reporting and risk management solutions for the financial industry, including banks, broker dealers, asset managers and insurance companies. Its unique enterprise data management (EDM) platform delivers data lineage, risk aggregation, analytics, workflow automation, validation and audit functionality.
AxiomSL’s platform supports compliance with a wide range of global and local regulations, including Basel III capital and liquidity requirements, the Dodd-Frank Act, FATCA, AEI (CRS), EMIR, COREP/FINREP, CCAR, FDSF, BCBS 239, Solvency II, AIFMD, IFRS 9, MAS, ASIC, REMIT, SFTR, central bank disclosures, and both market and credit risk management requirements. The enterprise-wide approach offered by AxiomSL enables clients to leverage their existing data and risk management infrastructure, and reduces implementation costs, time to market and complexity.
AxiomSL was awarded The Asian Banker’s 2016 “Best Compliance Risk Technology Implementation of the Year” as well as “Best Implementation at a Sell-side Firm” in the 2016 Sell-side Technology Awards. It was voted Best Reporting System Provider in the 2015 Waters Rankings and was highlighted as a ‘category leader’ by Chartis Research in its 2015 Sell-side Risk Management Technology report. The company’s work has also been recognized through a number of other accolades, including success in the Best Reporting Initiative category of the American Financial Technology Awards and in the Customer Satisfaction section of the Chartis RiskTech100 rankings. www.axiomsl.com