Paladyne Systems has extended its global capabilities in its combined order management and portfolio management solution.
Paladyne Systems is a Broadridge Company and a provider of next generation investment management solutions.
This extension will help its clients to address the Hong Kong Securities and Futures Commission's (SFC) requirements for fund managers to disclose net short positions in June 2012.
Paladyne's solution automatically imports the universe of SFC's specified companies that require short sale disclosure.
This is accomplished through Paladyne Portfolio Master that also enables clients to generate daily monitoring reports, along with the weekly disclosure to the SFC on relevant short positions that fulfill the prescribed thresholds.
Moreover, Paladyne enables its clients to configure a rule to alert them when positions need to be disclosed.
Meeting the reporting obligations
All fund managers holding short positions in Hong Kong stocks will be required to comply with the SFC Rules that come into effect on 18 June.
The first reporting day and reporting deadline according to Paladyne will be 22 June and 26 June, respectively.
Paladyne recently collaborated with Advise Technologies to create a solution to help its hedge fund clients address the reporting obligations of the new SEC Form PF with a seamless enterprise-wide platform and comprehensive toolset.
The SEC's Form PF is the financial reporting form required to be filed by SEC registered investment advisers with more than US$150 million in gross private fund assets under management, either annually or quarterly, depending on the size and type of private fund adviser.
"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, president, Paladyne Systems. "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."
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