AxiomSL has expanded its global shareholding disclosures solution with the launch of its sensitive industries module.
The new module addresses the challenges that investment management organisations face in monitoring sensitive industries compliance.
Sensitive industries regulation covers investment ownership in areas including media, defense, aviation, and energy.
Changes across the asset management landscape from industry consolidation and COVID-19 market disruptions have contributed to the growing prevalence of sensitive industries monitoring rules.
Some of the changes include continuous changes in ownership thresholds and requirements to obtain regulatory pre-approvals before certain investments may take place.
AxiomSL’s new module incorporates industry and sub-industry codes into its EquityView data dictionary architecture.
Clients will be able to configure foreign and local jurisdictions according to the entity group’s location, which triggers relevant rules.
In addition, dashboards allow clients visibility into multiple types of notifications, including pre-approval checks and proximity alerts.
Gaurav Chandra, global product manager, global shareholding disclosures, AxiomSL, stated: “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.”
In addition, our innovative approach to solving the industry classification challenge, including the parent-subsidiary relationship, will enable more clarification to develop around industry classifications to the benefit of all investors. Another key area of concern expressed by the client community is the need for flexibility,” Chandra added.
