Allen & Overy’s online legal subscription business aosphere has launched three Neota Logic-backed RegTech apps to help financial services clients reduce their risk.
The apps recently launched to aosphere subscribers are as follows:
Initial Thresholds App: Available to subscribers of aosphere’s Rulefinder Shareholding Disclosure service, the Initial Thresholds App allows clients to view and compare in seconds the initial disclosure thresholds across 91 jurisdictions. By selecting jurisdictions or regions for comparison, clients can easily access initial thresholds for regulatory reporting of major positions, short positions and special rules when an issuer is subject to a takeover. The app also provides commentary on what is included in a calculation and links through to the underlying legal analysis to enable a “deeper dive” into a specific jurisdiction.
G20 Equivalence App: This app is designed to assist aosphere’s Rulefinder G20 service subscribers. It helps them to understand if the rules they are complying with in one jurisdiction are recognised in other jurisdictions.
Marketing Unregistered Funds Into Europe App: Clients outside of the EU looking to market funds into Europe are faced with a complex network of local and EU-wide rules. Understanding the requirements and how they apply is complex and time consuming. This app, available to subscribers of Rulefinder Marketing Restrictions – Asset Management, enables a comparison not only of the rules, but an indication as to their complexity.
“This is an exciting development for online legal services,” said Marc-Henri Chamay (pictured), CEO of aosphere. “Finding ways to make legal content more accessible to time-poor legal and compliance teams is our priority. It’s not enough to present clients with a 100 page document – they want to know how the rules apply to them quickly and with confidence in the data. Using apps to surface multi-jurisdictional content, which is often incredibly complicated, is the natural next step in our journey of trying to simplify the complex.”