About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

AxiomSL Expands Global Shareholding Disclosures Solution

Subscribe to our newsletter

Regulatory reporting specialist AxiomSL has significantly expanded its Global Shareholding Disclosures Solution with the launch this week of its Sensitive Industries module covering over 600 rules across more than 80 countries. Developed in consultation with clients and partners, the new module attempts to address two key challenges that investment management organizations face in monitoring sensitive industries compliance: the breadth of rules coverage, and industry classification.

Sensitive industries regulation covers investment ownership in areas like media, defence, aviation, and energy deemed critical to a jurisdiction’s sovereignty. Unrelenting changes across the asset management landscape from industry consolidation to COVID-19 market disruptions have contributed to the growing prevalence of sensitive industries monitoring rules. These include continuous changes in ownership thresholds and requirements to obtain regulatory pre-approvals before certain investments may take place.

Financial firms must be able to deal with the complexities that arise from multiple, overlapping rules coming from regulatory bodies outside of traditional investment supervision. They must also accurately monitor their equity holdings in designated sensitive industries, ensure prohibited equities are not traded and respond quickly to rule changes. With no single source of comprehensive rules and reliable industry classification information, this can be a major challenge – especially when using manual, resource-intensive processes.

The new Sensitive Industries module from AxiomSL expands its solution to incorporate both industry and sub-industry codes into its EquityView data dictionary architecture, enabling a higher degree of accuracy around industry classification tagging. Clients can configure foreign and local jurisdictions according to the entity group’s location, thereby triggering relevant rules, while dashboards allow visibility into multiple types of notifications, including pre-approval checks and proximity alerts.

“Providing a wide range of rules coverage and enhancing the data dictionary with GICS and other industry classifications necessary to correctly monitor sensitive industries, will enable financial firms to invest with confidence,” says Gaurav Chandra, Global Product Manager, Global Shareholding Disclosures.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best practices for compliance with EU Market Abuse Regulation

Date: 18 June 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes EU Market Abuse Regulation (MAR) came into force in July 2016, rescinding the previous Market Abuse Directive and replacing it with a significantly extended scope of regulatory obligations. Eight years later, and amid constant change in capital markets regulation,...

BLOG

Xceptor’s Integration with Taskize Seeks to Aid Firms as They Grapple with T+1

With the US markets’ adoption of T+1 settlement looming, trade automation platform Xceptor has teamed up with corporate collaboration specialist Taskize to streamline the trade affirmation process. The integration of the Xceptor Confirmations solution with Taskize’s inter-company workflow platform is aimed at helping firms to orchestrate affirm, confirm, and dispute resolution with their counterparties as...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...