Background
Major Shareholding Reporting requires notifications to be made when holdings or vote shares reach, exceed, or fall below a certain threshold. These thresholds are 5%, 10%, 15%, 20%, 25%, 30%, 50%, 66% and 90% of the number of voting rights or shares in a company.
The regulation requires integrating all the trading systems and firm branches while ensuring the security of all reference data, including client and securities information.
In this case, the client hosted a tool called ‘Rapptr’ by FundApps to ensure that the requirements of MSR were met.
| Customer Challenge | Mindtree’s solution | Business Benefits |
| Our client had merged with another financial institution. Before the merger, both companies had different solutions that needed to be integrated to produce major shareholder reporting, which is a regulatory requirement to report once the threshold holding limit is crossed in any company. | -Worked on providing a tactical fix to ensure parent level company reporting -Integrated multiple platforms -Designed and implemented the strategic solution by integrating data sources of the two platforms. This led to combined reporting by sourcing data from all strategic sources.
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Our combined solution enabled improved reporting. Older issues with the reporting were remediated with the implementation. |
Mindtree Solution
Major Shareholding Reporting Solution
