Automates Report Creation and Direct Submission to the Hong Kong Regulatory Authority
Imagine Software, a leading provider of cloud-based portfolio and risk management solutions announces today the immediate availability of a new capability to address impending regulatory requirements of the Securities and Futures Commission in Hong Kong. Leveraging its hosted offering to keep pace with new market developments, Imagine now helps clients quickly and easily satisfy the SFC’s weekly net short position disclosure rules.
Reinforcing Imagine’s overarching goal of streamlining clients’ operational processes, this solution automatically compiles the positional data mandated by the SFC and produces a document that can be submitted directly to the regulatory authority in the required file format. With this capability, Imagine again demonstrates its commitment to providing timely support to the market in response to the ever increasing demands of regulators and investors.
“Our goal is to provide financial institutions the ability to focus on investing by delivering sophisticated risk and portfolio management as a comprehensive service that removes much of the operational burden imposed on firms today,” said Dr. Lance Smith, CEO at Imagine. “This is the first of many near term additions to our offering that support that effort. As a hosted service that manages the data required by regulators,” Smith continues, “we are uniquely positioned not only to provide this capability quickly but to make it immediately available through the cloud. Many of our clients have already started testing the SFC reporting function, giving them a head start in this area.”