Australian technology business FinoComp has launched a performance calculation tool that provides a solution to MiFID II's so-called '10% rule', which requires clients be notified within 24 hours if a portfolio falls 10% or more in a reporting period.
The rule, which comes into force alongside the rest of the regulation on 3 January 2018, has become a headache for DFMs operating on platforms as although the requirement to report portfolio depreciation...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow