ConceptONE LLC Announces Expansion of Reporting Services

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ConceptONE LLC announces expansion of reporting services to support European Securities and Markets Authority’s (ESMA) Short Selling Regulation (EU) No 236/2012

ConceptONE, a leading provider of customized data and risk management business solutions for investment platforms, is pleased to announce the expansion of its services to support the European Securities and Markets Authority’s (ESMA) Short Selling Regulation (SSR). SSR is a regulation implemented by the European Parliament and the Council of the European Union (EU) in response to the financial crisis of September 2008. The EU Member States’ rules implemented were generally lacking coordination due to an overall lack of a common regulatory structure. Resultantly, the ESMA has created the SSR to ensure consistency and functionality amongst its Member States as well as improve investor confidence and protection.

Regulation (EU) No 236/2012 of the European Parliament and of the Council will require holders of net short positions in shares and EU sovereign debt, including credit default swaps (“CDS”) that are referable to EU sovereign debt, to make notifications once certain thresholds have been breached. It further outlines restrictions on investors entering into uncovered short positions in either type of instrument, and will also give powers to competent authorities to suspend short selling or limit transactions when the price of various instruments fall by set percentage amounts from the previous day’s closing price.

The EU regulators foresee that “this short selling legislative framework are to increase transparency of short positions held by investors in certain EU securities, reduce settlement and other risks linked with uncovered or naked short selling and create a harmonized framework for coordinated action at European level," said Michael Rosen, Chief Executive Officer of ConceptONE. He added: “A number of our clients have already been impacted by this new level of regulation. We are continuing to see major shifts in regulatory reporting by the investment industry and its government oversight bodies that will bring consistency and transparency to the reporting of systemically important risks assumed by key market participants. The European Union is no different.”

ConceptONE’s customized data management and analytics solutions, now eight years into their development and execution cycles, are in the firm’s judgment, ideally suited for market participants wishing to efficiently manage to both the newly established regulatory reporting requirements (Form PF, CPOPQR, AIFMD, OPERA and others), and rapidly-evolving risk dissemination standards designed to meet the growing demand on the part of investors and other stakeholders, for clear, concise, comprehensive and consistent dissemination of underlying exposures.

“We have built our business based on a core belief that effective data capture, aggregation, and consistency of reporting will be a growing and essential element of the alternative money management service offerings of the future,” said Ken Grant, ConceptONE’s Chairman. “Our systems and human capital now place us in a position to help our clients to meet ALL of their reporting needs in a manner best suited to their investment protocols, work flows, and resource constraints. We believe we are unique among the universe of service providers in our ability to assist alternative managers in meeting these disparate reporting requirements in a contemporaneous manner, while at the same time, enabling them to maintain consistency in terms of the data and analytics that drive this reporting."

Grant also stresses that the appropriate approach involves the development of an appropriate data and risk analytics architecture at the enterprise level, which if correctly configured, can meet all of the rapidly evolving reporting needs of an organization, in the most flexible, consistent and efficient manner possible. Finally, he stresses the time criticality of constructing the appropriate systems architecture so as to maximize both the timeliness and consistency of the full-on reporting suite, and as such, optimize the return on these investments.

About ConceptONE, LLC

ConceptONE, LLC is a unique and quickly growing analytics and reporting enterprise. ConceptONE offers neutral and complete aggregation, analytics, reconciliation, and reporting for a wide range of fiduciary entities. ConceptONE provides end-to-end solutions in data aggregation, risk management, reporting, and advisory. ConceptONE adds an interpretation and advisory layer to the reporting, as well as risk audits and enterprise risk management solutions. Clients can utilize the optional middle and back office services to allow for data acquisition from any source and reconciliation to provide accurate data aggregation and reporting. Reporting services cover real-time, daily, monthly, and annual periods and are delivered via an interactive web portal. Reports cover many facets of portfolio management such as risk, exposure, performance, limit, Value at Risk, stress tests, and other predictive measures. ConceptONE offers complete solutions for regulatory filings (Form PF, CPO-PQR), new transparency reporting standards (OPERA), and can cross purpose data aggregation to ensure consistency in external disclosures. For further information please visit our website, http://www.conceptonellc.com

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