The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Thomson Reuters Eases Burden of Regulatory Shareholding Disclosures

Thomson Reuters has added significant shareholder and beneficial ownership data to its DataScope Select reference data platform in support of asset managers that must comply with regulations covering the disclosure of holdings in sensitive industries and holdings that exceed a percentage threshold of the outstanding capital of a company.

The global regulations covering these disclosures include SEC Rule 13D and the Transparency Directive in Europe, while similar disclosures are also part of Solvency II and MiFID II. The regulations are intended to protect industries and companies from hostile takeover, but the compliance process is complex, often manual and prone to error. Thomson Reuters is easing the burden by providing granular data on shares and voting rights at the instrument and issuer level in the different varieties of share types, such as listed, Treasury, outstanding and issued, that are demanded by regulators.

The company decided to add the content to DataScope Select in response to a large asset manager’s statement that gathering and managing data for shareholding disclosures is a top reference data issue. The content is sourced from 150 sources across 99 countries and covers about 12 data points, providing a level of granularity that supports regulatory compliance as well as roll up to issuer level or disaggregation at instrument level.

Tim Lind, global head of financial regulatory solutions at Thomson Reuters, explains: “Investors need granular and more precise data to calculate and monitor a firm’s threshold of ownership of a given issuer, long or short, on a daily basis. The data is difficult to source and maintain, making it very expensive for individual asset managers. Thomson Reuters makes the data economically viable by scaling it to multiple customers.”

Asset managers are expected to use the data not only to meet regulatory compliance requirements around shareholding disclosures, but also to calculate risk exposure to a single name issuer and for risk reporting when considering capital at risk in a company.

Related content

WEBINAR

Upcoming Webinar: The evolution of market surveillance across sell-side and buy-side firms

Date: 21 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and...

BLOG

IHS Markit Webinar Offers Guidance on MAS Derivatives Reporting

A Monetary Authority of Singapore (MAS) consultation paper (CP) – expected around the end of the month – won’t result in delays to the October 2021 implementation date for MAS’s derivatives trade reporting requirements, practitioners heard on a recent webinar on the topic hosted by IHS Markit. As a result, practitioners should continue on their...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...