Press Release

Charles River Announces Global Shareholder Disclosure Service Leveraging aosphere’s Rulefinder

May 7, 2015

Boston – Charles River, an enterprise-wide front and middle office investment management solution provider, today announced a new Global Shareholder Disclosure Service (GSDS), that helps subscribers comply with shareholder disclosure regulations. GSDS includes a global rule library, and proactive monitoring, notification and interpretation of global rules. The service leverages legal content from Rulefinder Shareholding Disclosure provided by aosphere, an affiliate of international legal practice Allen & Overy.

aosphere provides Charles River with detailed legal information, and monitors and issues alerts on changes to global shareholder disclosure legislation. Charles River’s compliance experts write, adapt and test the rules within the subscriber’s Charles River Investment Management Solution (Charles River IMS) environment.

“Each regulatory jurisdiction has different and complex rules that change often, and sometimes with little advance notice,” said Ed Fitzpatrick, Vice President, Managed Services, Charles River. “As asset management firms invest in new instruments, and trade or expand in new geographies, they must be able to rapidly comply with these rules. Charles River’s new service helps subscribers keep up with changes, understand the impact on their business and follow filing requirements, despite the numerous jurisdictions, regulatory bodies and languages involved.”

“We’re pleased to complement Charles River’s compliance offering with our world-class Rulefinder service which provides a detailed analysis of global reporting obligations,” said Marc-Henri Chamay, Chief Executive, aosphere.

Charles River has a dedicated team focused on writing and maintaining the GSDS rule library and providing ongoing support to meet client requirements. GSDS is one of Charles River’s Compliance Services offerings, which also includes the Compliance Rule Advisory Service which extends internal teams with rule-writing, maintenance and support, and Compliance as a Service (CaaS) that provides Charles River’s compliance software delivered as a hosted service with integrated data.

About aosphere
aosphere LLP (formerly Derivative Services LLP) is an affiliate of leading international legal practice Allen & Overy LLP. aosphere specializes in providing user-friendly access to complex legal information for all sizes of financial institution. aosphere’s client base includes an impressive list of more than 200 of the world’s leading investment banks, asset managers and funds. aosphere uses their expertise in key areas such as shareholding disclosure (including short selling), cross border marketing restrictions, data privacy and derivatives to provide subscription products which help their clients to reduce legal, regulatory and operational risk.

About Charles River
Charles River provides an end-to-end solution to automate front- and middle-office investment management functions across asset classes on a single platform. Delivered as a hosted service, the solution improves data quality and investment professional productivity, controls risk and lowers technology costs. Charles River serves more than 350 investment firms in 44 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, and pension markets.