All the Pieces to Complete Your Global Regulatory Compliance Strategy

Core to the Investment Monitoring platform, the Shareholding Disclosure module provides near real-time automated monitoring and reporting for beneficial ownership thresholds, including long, short, issuer and takeover panel reporting in more than 100 jurisdictions. The platform compares your firm’s holdings to relevant thresholds, provides alerts when action is required and generates disclosure notifications that can be filed with regulators.

• Access to the most comprehensive set of legal data on shareholding disclosure obligations in the market through a collaboration with aosphere, complemented by CSS’s team of in-house regulatory guidance experts
• Automated integration with regulator, exchange and reference data sources​
• Daily and intra-day processing with integrated workflow, custom alerts and filling notifications for high-volume portfolios, including derivatives and index looks through with focus on exception handling​
• Automatically generate a pre-populated notification form depending on relevant jurisdiction or regime and has more than 140 pre-populated forms available
• Ability to handle complex entity and fund structure aggregation challenges

Our Difference:

• Operational Efficiency and Scalability: Optimize compliance workflow by managing global jurisdictions and thresholds via automation rules, calculations and aggregation logic
• Repeatable Automation: Instructions on the filing process and automated submissions ensure a repeatable and reliable workflow
• Flexible & Customizable Platform: Choose the jurisdictions, rules and alerts that match your firms’ needs
• Risk Mitigation: Ensure accuracy through data validations, approval workflow and management reporting

Shares Outstanding 

An add-on capability to Shareholding Disclosure, the Shares Outstanding service helps investment managers easily source required voting and share capital data from exchanges, regulators and third-party data providers.

Shares outstanding data is required when evaluating holdings against thresholds but is notoriously complex to obtain and maintain accurately due to corporate actions, jurisdictional nuances and the number of sources that are available.

CSS’s Shares Outstanding service simplifies the acquisition of up-to-date voting and share capital data by leveraging up to six sources to determine the best number to use during threshold analysis.

Sensitive Industries refer to two distinct types of investment restrictions:

1. Foreign direct investment (FDI) restrictions, often part of national security screenings of incoming foreign capital
2. Sector-specific investment restrictions applicable without regard to nationality.

Nearly every financial jurisdiction has specific industries that are considered “sensitive to the continuation of government and public needs.” These industries can range from defense and media, to power distribution, utilities and financial infrastructure. Some of these industries are even unique to the individual country. Financial firms find sensitive industries challenging because these rules are specified by the jurisdiction with no universal overseeing regulatory body.

The Sensitive Industries module of CSS’s Investment Monitoring solution provides automation rules that cover 99 jurisdictions evaluating foreign investment restrictions and industry-specific limits, customizable warnings on approach and violation alerts when crossing a reportable threshold.

With jurisdiction rules changing frequently, investment managers need the regulatory agility to keep up with the pace of regulatory change. CSS’s collaboration with aosphere provides access to their in-depth and robust library of regulatory rules and sensitive industries, while CSS’s in-house team of regulatory guidance experts analyzes and verifies these rules and delivers additional details or standards where required or sourced.

• The workflow incorporates a rapid rule deployment process that allows the platform to make near real-time updates to adapt quickly to the volatile regulatory landscape
• Provides a host of reporting for a real-time view of rule definitions and exportable drill-down reports to dig quickly into any violation that may occur
• Supports multiple types of industry codes (ICB/FTSE Russel, BICS, and GICS codes) and complex hierarchy structures
• As with the Shareholding Disclosure module, customize the sensitive industries, rules and alerts that match your firms’ needs with flexible workflow and exportable reports
• Access to regulatory summaries for the European Union, European Economic Area and India, providing simple explanations of the rule requirements and reporting locations

The Position Limit Monitoring module of Investment Monitoring is a fully automated solution for the daily sourcing and tracking of exchange and regulator-imposed limits on futures, options and other derivative instruments.

The platform sources position limits and accountability levels daily on 50+ exchanges (plus CFTC and MiFID II). ​

• Data Management: Translates market data and product codes from source systems to exchange or regulator commodity codes
• Headroom View: Configurable and exportable headroom report shows all holdings subject to exchange and/or regulator limits​
• Transparent Workflows: Drill-through capability to portfolio level detail​
• Custom Alerting: Automated notifications triggered for warnings and violations with email notification capability​ and configurable warnings as a percentage of a limit
• Spot Calendar: Calculates and tracks when your positions enter the spot effective period for each product.