The platform solves unprecedented private fund data challenges while delivering accuracy and efficiency to the private fund industry. Pittsburgh, PA, December 14, 2023 – Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider for regulatory and investor communications for the investment management industry, announced today its best-in-class reporting platform will address the periodic and shareholder reporting requirements detailed in the SEC’s Private Fund Rule , and a wide range of private fund data and reporting challenges, delivering accuracy, efficie ..read more

Pittsburgh, PA, December 11, 2023 – Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider helping the investment management industry solve complex investment data challenges, today announced a partnership with Manaos, a modular platform built to simplify how institutional investors centralise portfolio data, connect ESG information, and report on the sustainability of their investment. Under the partnership, Confluence will provide an end-to-end SFDR solution to asset managers on the Manaos platform, including the production of European ESG Templates, a ..read more

and getting ready for the next annual refresh With the Packaged Retail and Insurance-based Investment Products (PRIIPs) Key Information Document (KID) transition complete and the industry looking forward, Confluence’s Shane Flatman and Stephane Turpin took the time to reflect on the move from UCITS KIID to PRIIPs KID overall in a recent webinar. And now that we’re in the fourth quarter of the year, now is the time to start the process of refreshing your PRIIPs KIDs and UCITS KIIDs. Here, we discuss the key areas and challenges the industry worked through as part of the transition and the ..read more

Much ink has lately been spilled over the new Short Sale reporting rule in the U.S. New Rule 13f-2 was adopted by the Securities and Exchange Commission (‘SEC’) to shed more light upon Short-Selling in the wake of GameStop saga. It is no wonder that those concerned have raised pertinent questions in this regard. Read the full article ..read more

Hong Kong Exchanges and Clearing Limited (HKEX) announced yesterday that new enhancements to position limits will take effect on 22 December 2023. The main amendments are as follows: • A 5-tier position limit model will apply to Single Stock Options (SSO) and Single Stock Futures (SSF) contracts; • The additional position limits that apply to Hang Seng Index and Hang Seng China Enterprise Index mini derivatives contracts will be removed; and • Position limit for selected HKEX’s CNH contracts will be increased. For more information, please see HKEX announcement at: https://lnkd.in/gWEBPK3e The ..read more

Greg Hotaling, Regulatory Content Manager at Confluence breaks down the new rule, offering clarity to a complex ruling. Read the full article ..read more

The modernization of the Beneficial Ownership reporting has been a long-discussed topic by the Securities and Exchange Commission (“SEC”) in the U.S. It therefore comes as no surprise that the adoption of amendments to Regulation 13D-G a few days ago is big news, as a large number of investors will have to comply with the updated rules. But what is beneficial ownership reporting about? Pursuant to Regulation 13D-G and Exchange Act Sections 13(d) and 13(g), an investor who beneficially owns more than 5% of a covered class of equity securities is required to publicly file either a Schedule 13D o ..read more

Authors: John Gentile, Director, Private Fund Services, Confluence Armando DeChalus, Regulatory Compliance Analyst, Confluence The private fund regulatory landscape just got more complex with the August 23 SEC adoption of these long-awaited private fund rules, which were first proposed 18 months ago in the face of industry pushback. These rules align with the agenda by SEC Chairman Gary Gensler, who has been steadfast in his commitment to enacting a proposed rule. The rules address the risks and harm to investors and funds identified by the SEC, such as conflicts of interest, lack of trans ..read more

The SEC adopted rule amendments governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934. The key amendments are as follows: • shortening of the deadlines for initial and amended 13D and 13G fillings – there are different deadlines based on the type of investor. New filing “cut-off” time will be 10:00 p.m. Eastern time; • clarification on the criteria for group disclosures; • use of a structured, machine-readable data language for filings.  As Schedule 13D and Schedule 13G haven’t been updated for nearly half a century, the SEC Chair’s ..read more

Author: Todd Moyer, President and Chief Operating Officer, Confluence Predictions on the Asset Management Industry for 2024 Driven by the SEC’s busy agenda and economic headwinds such as bank failures, 2023 is proving to be another turbulent year. The newTailored Shareholder Report rule, Form PF changes, changes to the SEC’s private fund rules and the SEC’s climate disclosure proposal are all underway, set to have major impact. Simultaneously, AI is transforming how asset management firms operate and comply with regulations, new and old. Disruptions such as rapid consolidations, especially ..read more