Reduce your regulatory burden and streamline your operations with leading solutions
We understand your growing need for access to best-in-class technology and expertise to address increasing regulatory requirements. Our solutions and services enable you to meet global regulatory obligations, increase efficiency in your organization, and mitigate enterprise and operational risk while reducing costs.
At IHS Markit, we work with you to address multiple regulatory compliance mandates including:
Financial institutions (FIs) face a unique challenge as global tax authorities have recognized the benefit of receiving tax reporting on their tax residents as a measure to counter tax evasion. The Organization for Economic Cooperation and Development (OECD) issued a global Standard for Automatic Exchange of Financial Account Information (AEOI), including the Commentary on the Common Reporting Standard (CRS).
In 2015, the US Internal Revenue Service (IRS) issued new final and temporary regulations under Section 871(m) of the US Internal Revenue Code. The regulations provide updated rules for determining whether certain payments under swaps or equity-linked instruments might be treated as US dividend equivalent payments and, if paid to a non-US beneficial owner, would be subject to US withholding tax generally applicable to US source dividends. The regulations are effective as of January 1, 2017 and Delta One products are in scope. The IRS issued Notice 2017-42, which provides the industry more time to manage non-delta-one products. The Notice states that the current grace period for non-delta-one products would be extended one year through 2018.
Electronic Trading Compliance is a regulatory module within our Counterparty Manager platform that enables you to easily and efficiently exchange information for electronic trading due diligence and algorithmic trading regulations. The module allows you to comply with multiple regulatory regimes and customize due diligence questionnaires to support local requirements, including the ability to distribute and track algorithm training material. You receive an electronic questionnaire, training review and sign-off capability designed by a number of industry associations, including AFME/TIA, AIMA, ASIFMA, ATF, FPL HKIFA, and AFME DEA to help buy-side firms and brokers gather and exchange the information necessary to meet their due diligence requirements.
IHS Markit provides a suite of solutions for the Fundamental Review of the Trading Book (FRTB), which enables banks to comply with the new Basel market risk requirements by supplementing their existing infrastructure and processes. The solutions are designed to shorten FRTB implementation programmes, reduce execution risk and cost, and help firms manage the capital impact of the regulation. They can be implemented on a standalone basis to address specific aspects of the requirements or in combination with one another to provide end-to-end support for FRTB.
The timeline for compliance with MiFID II – Europe’s second Market in Financial Instruments Directive – is urgent, with an effective date of January 3, 2018. Whether you are a buy-side or sell-side professional, IHS Markit can guide you to:
As part of the policies identified by the Financial Stability Board (FSB) to increase transparency across Securities Financing Transactions (SFTs), the European Union introduced the Securities Financing Transaction Regulation (SFTR). The regulation includes a number of new rules for market participants including a requirement to report all SFTs to an approved Trade Repository (TR). The trade-reporting regulation mandated under Article 4 of the draft SFTR legislation will compel the securities finance industry to radically restructure its data architecture – integrating numerous and often disparate, data sources to enhance transparency.