FundApps, the compliance monitoring and reporting specialists, has successfully completed the implementation of a suite of compliance solutions for the Abu Dhabi Investment Authority (ADIA).
The suite includes solutions for monitoring and reporting on shareholding disclosure, position limits and sensitive industries. The initial Go Live was successfully completed in five weeks and also includes integration with the SimCorp Dimension platform.
“We are delighted to welcome ADIA, one of the world’s largest sovereign wealth funds, to the FundApps client community,” said Andrew White, CEO, FundApps. “Our broad range of solutions will support ADIA in monitoring assets globally, and we worked collaboratively with the ADIA team to successfully implement the suite on schedule.”
The FundApps Shareholding Disclosure platform monitors requirements in over 100 jurisdictions for beneficial ownership, short selling and takeover panels. It also enables compliance with shareholding disclosure by correctly aggregating positions at entity to portfolio level, as well as by ownership type. Clients can also quickly prove adherence to regulation, avoid fines and mitigate reputational risk.
The Sensitive Industries service ensures firms receive the correct threshold disclosure, pre-approval, threshold limit and outright ban alerts across 2674 industries in 102 different jurisdictions.
FundApps Position Limits monitors holdings against position limits for exchange-traded contracts resulting from MiFID II regulation, as well as limits imposed by regulatory bodies such as the US CFTC and exchanges themselves.