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Droit Integrates LSEG's Global Shareholding Disclosure Data

In a significant advancement for regulatory compliance in finance, Droit, a pioneering technology firm in computational law and regulation, has announced its integration of LSEG's Global Shareholding Disclosure Data into its Position Reporting product. This integration is a game changer for financial institutions striving to meet the complexities of shareholder disclosure requirements.

The Global Shareholding Disclosure Data provides detailed insights, encompassing fifteen types of total shares and total voting rights, allowing firms to monitor their positions with precision. Licensed users can now seamlessly map this data into Droit's Position Reporting tool, which automates decision-making processes and maintains a transparent audit record for every evaluated position, ensuring comprehensive compliance with global obligations.

Somerset Pheasant, Chief Strategy Officer at Droit, emphasized the dual challenges faced by firms in this domain: the interpretation of shareholder disclosure regulations and the accuracy of reference data. He stated, "At Droit, we prioritize the accurate digitization of regulations. Integrating LSEG as a reference data source in our Position Reporting product is crucial for overcoming our clients' compliance challenges and will empower them with the most reliable solutions for shareholding disclosures."

Droit's Position Reporting product is notably efficient; it consolidates aggregation and disclosure eligibility logic along with robust report generation features. The rules embedded in the system are crafted from collaborative interpretations of applicable regulations and have undergone rigorous reviews facilitated by Endoxa, in conjunction with some of the industry's most demanding financial institutions. This setup not only enhances operational efficiency but also instills confidence through consensus-driven decision-making, all while maintaining a clear link back to original legal texts and consensus memos.

Fausto Marseglia, Head of Product Management at LSEG, echoed the importance of this integration, stating, "The variability of shareholder disclosure rules across jurisdictions adds layers of complexity to compliance for financial institutions. Our partnership with Droit represents a valuable opportunity. By embedding LSEG's Global Shareholding Disclosure Data within their platform, clients gain a powerful, end-to-end solution that simplifies their compliance efforts through automation and trusted data.”

Founded in 2012, Droit has established itself at the forefront of computational law, catering to many of the world's largest financial entities. Its award-winning platform, Adept, processes millions of inquiries daily and determines the legal permissibility of numerous interactions with unparalleled speed, ensuring institutions can effectively navigate the intricate landscape of regulatory compliance. Adept stands out for evaluating the regulatory implications of activities in real-time, all while maintaining sub-millisecond latency.

For further details about Droit and its innovative solutions in regulatory technology, interested parties can visit droit.tech or reach out via email at [email protected].

Through this strategic collaboration, Droit and LSEG not only enhance their offerings but also reassure clients that they are well-equipped to tackle the intricacies of compliance in today’s fast-paced financial environment. As regulations evolve, such partnerships will continue to play a pivotal role in navigating the challenges of financial transparency and accountability.