Our solution provides elements to monitor ►
♦ Administrating compliance groups, beneficiaries, events, funds, private transactions
♦ Closed periods, blacklist, holding periods etc.
♦ Reporting internally and to authorities
In many countries, it is a legal offence to trade in financial instruments if you have access to non-public information about the company. Our application enables you to evaluate transactions against a customized set of rules matching your company’s policies and standards. Insider Trading can be used as a back-end module, integrated into your company’s brokerage infrastructure. Alternatively it can be installed as a stand-alone module, allowing your employees to use a self-service web interface to get authorization for their orders.
Personal transactions by directors, non-executive directors and other personnel, both in advance and afterwards, can be checked. When permission is requested to carry out a particular transaction, Insider Trading checks the order against a profile supplied by the Compliance Officer. The applicant then receives clearance or rejection of the proposed transaction.
MARKET ABUSE REGULATION (MAR)
All insiders have to be detected in a Permanent Insider List or in a Temporary Project Insider List. The format of these lists have been standardized by the EU.
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Implementation and monitoring of compliance usually requires the participation of business experts at all levels of your company. Monidee’s Scorecard is a flexible system that allows you to customize a set of compliance controls to match any combination of internal policies, laws, standards and external norms. Our solution is currently being used to help companies assess their compliance in a variety of areas: privacy, data protection, Know your Customer (KYC), information security (ISO 27001) and many others.
Top executives who hold board positions in external companies cannot risk being in a position of conflict between external obligations and their duty to your company. Outside Positions helps you keep track of your executives and simplify the job of your compliance officer.