Linedata has launched Disclosure Manager, an automated compliance monitoring service. 

The product automates the monitoring of required disclosures necessary for substantial shareholding, short-selling and takeover panel discussions. It allows firms to manage regulatory obligations across multiple jurisdictions.

“With rules differing from country to country, and a risk of criminal liability and/or substantial fines for non-compliance, it is critical for asset managers to work with a trusted service provider,” said Bob Proctor, Linedata's vice president of global front office asset management product strategy.

Linedata said that as financial markets become increasingly more complex and global in nature, a lack of global harmonization of shareholding disclosure regimes presents a major challenge for firms to manage regulatory obligations.

The solution aim to enable firms to build and sustain a compliance infrastructure and a culture of oversight and transparency. It also significantly addresses the risks of non-compliance, which attracts ever stricter penalties.