One of the most important challenges faced by individual financial institutions is meeting the requirements associated with global short, long, and takeover reporting. Compounding this is the extent and interpretation of the requirements when applied across the many entities, asset classes, and jurisdictions in existence. Managing these obligations as an individual institution can be resource intensive and costly, especially when factoring in the inevitable consultations required with external counsel. Therefore, it significantly benefits institutions to obtain guidance on reporting requirements by tapping into the collective knowledge, experience, and recommendations brought to them from a consortium of similar institutions and legal counsel representatives. This industry-wide collaborative, and unified cost effective approach provides a more efficient route for consistency, clarity, and accuracy of shareholder disclosure reporting.

It also means the systematic implementation of rules in a way that provides transparency and clarity of interpretation, using an overall industry and legally
coherent, consensus-driven understanding of position reporting obligations. Endoxa, the newly established consortium of some of the most sophisticated and complex global financial institutions, aims to improve the quality of these disclosures and mitigate interpretation and implementation errors through machine-readable rule logic established through a consensus model. This rule logic is used in Position Reporting from Droit.

Position Reporting from Droit brings this unique approach to drive the translation and processing of detailed regulatory guidelines and legal memos covering over 100 global jurisdictions, reflecting a consensus view of disclosure obligations that is relevant, accurate, consistent, and amenable to rapid evaluation.