AxiomSL’s platform for global shareholding disclosure compliance has been chosen by a large sovereign wealth fund (SWF).
According to AxiomSL, its regulatory platform enables firms to build and sustain a compliance infrastructure with transparency.
The platform includes rule sets calculations and a templates and reporting functionality, which is needed to remain fully compliant with shareholding disclosure requirements and related transparency directives.
The analysis performed by AxiomSL includes calculating a firm’s 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.
Gaurav Chandra, product manager at AxiomSL, said: “We are delighted to be supporting the funds in the Gulf Cooperation Council and around the world to meet their shareholding disclosure obligations.”
He added: “Market participants must continually monitor changes in their shareholdings whilst already being inundated with ever-increasing regulatory requirements. High complexity of rules alongside different disclosure demands per jurisdiction pose significant challenges to firms to remain compliant. AxiomSL’s multi-jurisdictional reporting capability, end to end automated platform and flexible technology supports firms in addressing these intricate challenges.”
