Paladyne helps clients to meet Hong Kong SFC’s short requirements
31 May 2012 New York
Image: Shutterstock
Investment management solutions provider Paladyne Systems has added capabilities to its order and portfolio management solution, Paladyne Portfolio Master, to help clients meet the Hong Kong Securities and Futures Commission's (SFC’s) requirements for fund managers to disclose net short positions.
The SFC rules come into effect on 18 June. The first reporting day will be 22 June and the reporting deadline will be 26 June.
All fund managers that are holding short positions in Hong Kong stocks will be required to comply.
Paladyne Portfolio Master can streamline these reporting requirements, according to Paladyne. The solution automatically imports the SFC's database of companies that must disclose short sale positions and allows clients to generate daily monitoring reports.
It also generates a weekly disclosure to the SFC on relevant short positions that fulfill the prescribed thresholds.
“Paladyne has built an institutional framework that positions investment firms to be able to respond to global rule changes and other regulatory and compliance requirements rapidly and on time,” said Sameer Shalaby, who is Paladyne’s president.
“As a result, fund managers and service providers can fulfill their reporting obligations, including internal compliance and approvals checks, in a timely manner with minimal manual intervention.”
The SFC rules come into effect on 18 June. The first reporting day will be 22 June and the reporting deadline will be 26 June.
All fund managers that are holding short positions in Hong Kong stocks will be required to comply.
Paladyne Portfolio Master can streamline these reporting requirements, according to Paladyne. The solution automatically imports the SFC's database of companies that must disclose short sale positions and allows clients to generate daily monitoring reports.
It also generates a weekly disclosure to the SFC on relevant short positions that fulfill the prescribed thresholds.
“Paladyne has built an institutional framework that positions investment firms to be able to respond to global rule changes and other regulatory and compliance requirements rapidly and on time,” said Sameer Shalaby, who is Paladyne’s president.
“As a result, fund managers and service providers can fulfill their reporting obligations, including internal compliance and approvals checks, in a timely manner with minimal manual intervention.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
