Droit Enhances Position Reporting with LSEG Data Integration
Droit Enhances Position Reporting with LSEG Data Integration
Droit, a leading technology firm specializing in computational law and regulation, has achieved a significant milestone by integrating LSEG's Global Shareholding Disclosure Data into its innovative Position Reporting product. This integration enables financial institutions to streamline the regulatory reporting of shareholder disclosures, enhancing efficiency through automation.
Understanding the Benefits of Global Shareholding Disclosure Data
The Global Shareholding Disclosure Data from LSEG provides essential information, including a variety of total shares and total voting rights. This data empowers institutions to monitor their positions with precision, ensuring they are always compliant with evolving regulatory requirements. By leveraging Droit's Position Reporting product, users can seamlessly incorporate this data stream, thereby benefiting from a more accurate and comprehensive approach to shareholding disclosures.
Challenges in Compliance and Droit's Solutions
Compliance with shareholder disclosure regulations poses significant challenges for many firms. Somerset Pheasant, Chief Strategy Officer at Droit, emphasizes that the two primary issues faced by companies are rule interpretation and the accuracy of reference data. Droit's commitment lies in the accurate digitization of regulations, and the incorporation of LSEG's data further strengthens the solutions available to clients. The Position Reporting product equips users with robust aggregation and disclosure eligibility logic, along with efficient report generation capabilities.
Efficient Workflow and Audit Capabilities
Droit's system is built upon consensus interpretations of regulations, carefully curated through collaboration with major financial institutions. The automation of decision-making processes provides a reliable audit trail for every position assessed against a comprehensive set of obligations. This level of operational efficiency instills confidence among users, linking back to the original legal texts and consensus documents.
The Importance of Cross-Jurisdiction Compliance
Fausto Marseglia, Head of Product Management at LSEG, noted the complexity of shareholder disclosure rules across different jurisdictions. The partnership with Droit aims to alleviate the compliance burden faced by institutions by combining Droit's innovative platform with LSEG's trusted data. This collaboration offers clients an integrated, powerful solution that simplifies compliance through advanced automation.
About Droit
Founded in 2012, Droit is at the forefront of computational law and regulation across various sectors, particularly in finance. The firm's Adept platform, known for its award-winning technology, processes millions of inquiries daily. It determines in real-time the legal permissibility of interactions worldwide, enabling institutions to operate efficiently within their regulatory frameworks.
Contact Information
For further details about Droit's offerings, visit their official website. To learn more about Droit's innovative solutions tailored for regulatory compliance, you can reach out directly for inquiries.
Frequently Asked Questions
What is Droit's primary offering?
Droit specializes in computational law and offers a Position Reporting product that streamlines regulatory reporting for financial institutions.
How does the integration with LSEG improve Droit's services?
The integration allows Droit to incorporate comprehensive shareholding disclosure data, facilitating accurate compliance reporting for clients.
Who can benefit from Droit's Position Reporting product?
Financial institutions seeking to enhance their regulatory reporting workflows and ensure compliance can greatly benefit from Droit's offerings.
What challenges do institutions face in shareholder disclosure?
Institutions often struggle with rule interpretation and obtaining accurate reference data, which Droit addresses through its innovative solutions.
When was Droit founded?
Droit was founded in 2012 and has since become a leader in regulatory technology.
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