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United Kingdom : Large Middle East Sovereign Wealth Fund selects AxiomSLs regulatory platform for Shareholding Disclosure reporting.

AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces that a large Sovereign Wealth Fund (SWF) has recently chosen AxiomSLs strategic platform for Global Shareholding Disclosure compliance.

Regulators on a global level require market participants to make disclosures when they accumulate a substantial shareholding in an entity, invest in a protected industry, become involved in a takeover bid or engage in short selling.AxiomSLs ability to support multi-jurisdictional requirements was the main motive behind the firms decision to deploy their Shareholding Disclosures solution. While AxiomSLs strategic regulatory platform enables firms to build and sustain a robust compliance infrastructure with transparency, the end to end automated process greatly reduces the cost and complexity of Shareholding Disclosure compliance involved in managing disclosure related activities.

AxiomSLs solution provides the rule sets calculations, templates and reporting functionality needed to remain fully compliant with Shareholding Disclosure requirements and related transparency directives around the globe. The analysis performed by AxiomSL includes calculating a firms total shareholdings in individual entities and comparing these amounts with the issued share capital to see whether the firm has accumulated a substantial shareholding and is therefore obliged to report the fact. Leaving firms free of the burdensome task of tracking rule changes globally and the subsequent maintenance challenges those amendments create, AxiomSL provides all the rule updates and template changes in a timely fashion and enables firms to manage this complex process with ease.

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Publication:Mena Report
Date:Feb 28, 2018
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