Global Rule Coverage: our Sensitive Industry rules cover industries with special significance using legal information from aosphere (an affiliate of Allen & Overy)
Manage Multiple Restrictions: alerts for all Sensitive Industry restrictions - from pre-approval warnings; to post notifications for disclosure obligations; and hard stops for limits that cannot be crossed
GICS Standard: utilising Global Industry Classification Standard (GICS) and industry specific legislation from our legal and regulatory data provider
Simple Implementation: Shareholding Disclosure subscribers require no additional data beyond GICS mapping
The differences between each industry varies according to jurisdiction. For example, Bulgaria applies a 1% notification threshold in insurance companies while Greece applies a 1% threshold in media companies and a 10% threshold for insurance companies.
A single company can operate in a wide range of industries. Keeping track using manual processes is a full-time job. Automated checks using our Sensitive Industry rule packages takes seconds to complete.
Many experienced professionals are unaware that there are issuer specific restrictions within a specific industry. For example, holding greater than 1% in ANZ Singapore LTD would require pre-approval.
Foreign ownership restrictions add further difficulties. For example, Denmark imposes a limitation on foreign ownership of Defence at 20%. However, Danish investors face a limit of 59%.
Some jurisdictions enforce obscure laws. In Norway, there is a 20% Pre-Approval for Waterfalls. Thailand impose restrictions on companies that make Buddha casts and monk alms bowls!
Built on the FundApps platform, this is the first managed service used by compliance teams to uphold their regulatory obligations when trading in industries of special significance.
Backed by legal information from aosphere (an affiliate of Allen and Overy) and benefiting from best-in-class platform features, this is the gold-standard for sensitive industries monitoring.
Monitor alerts across multiple jurisdictions from a single dashboard in an easy-to-use User Interface (UI). Users are alerted via email with a daily snapshot of their results and can view further details in the UI which has embedded workflow functionality, audit trails, and more!
Room-In-A-Name calculates how much can be traded ("Room") in an issuer ("Name") before reaching the next reportable threshold. Having this information visible in the service, and optionally integrated with your OMS, ensures compliance and front office teams are connected with time to anticipate upcoming filings.
FundApps makes reporting simple. Gaining insight into historical disclosures across global jurisdictions has never been easier - users are able to produce high-production value management reports at the click of a button.
“I can sleep better at night in comfort of the fact that our team can wake up early and know whether we have any imminent filings.”
- Director, Investments Compliance, Canadian Pension Fund (US $147 Billion AuM)
We receive industry specific regulation from our legal and regulatory data provider and then our in-house team of regulatory experts (“Regsperts”) map the thresholds and sectors to the Global Industry Classification Standards.
Your position file is run against the Sensitive Industries rules and the system automatically triggers the relevant alerts.
Easily and securely upload your positions data to our cloud-based platform.
Have your data analysed in a matter of minutes and be automatically notified of approvals, disclosures or hard stops.
Simply automate your Sensitive Industries monitoring.
Automate your disclosure monitoring for industries with special significance
2020 saw a significant increase in actioning industry protectionism, most notably in France and Japan.
This new feature enables users to see how much can be traded before a disclosure has to be filed, or a hard-stop limit has been reached.
This move comes in an effort to promote foreign direct investment whilst protecting national interest.