Single Rulebook wins ‘Best Regulatory Alert Management Solution’ at the RegTech Insight Europe Awards 2022

London, 26 May 2022 – Single Rulebook, a leading and integrated software platform for the management of regulatory rules, has won ‘Best Regulatory Alert Management Solution’ at the RegTech Insight Europe Awards 2022 for its innovative technology that enables firms to search, share and manage regulatory rules on one digital platform.

The winners of the RegTech Insight Europe awards are selected by the A-Team editorial team and panel of experts from the financial technology industry. The awards celebrate providers of leading RegTech solutions, services and consultancies, and recognise both start-ups and established providers who are creatively finding solutions to help with today’s regulatory challenges.

Single Rulebook’s easy-to-use platform and highly relevant search functionality allows firms and clients to find the right regulation or information they are looking for quickly and efficiently. Single Rulebook’s annotation feature also provides a platform for teams and organisations to share interpretations on regulation by adding comments and notes to specific rules and articles.  From building a regulatory change management framework to tracking and auditing decision making on important regulations, Single Rulebook is helping transform the way the industry manages regulation.

Angela Wilbraham, CEO at A-Team Group, says: “Congratulations Single Rulebook for winning this year’s RegTech Insight Award Europe for Best Regulatory Alert Management Solution. This year’s RegTech Insight Europe awards have been extremely popular and competitive, highlighting established solution providers and innovative newcomers that help capital markets participants respond effectively and efficiently to evolving and ever more complex regulatory requirements across the global financial services industry.”

Wim Nelen, Managing Director and Co-Founder of Single Rulebook, commented: “With the volume and complexity of today’s regulatory rules we have created a service that allows firms to manage all regulations on a single digital platform. We are delighted and honoured that the industry recognises Single Rulebook as a worthy winner for the Best Regulatory Alert Management Solution.”

Join the Single Rulebook team in person at IDX 2022 on 6-8 June.

The event will take place at The Brewery, 52 Chiswell Street, London and will bring together industry leaders, vendors and policymakers to discuss what’s “now” in derivatives, and what lies ahead.

We will have an exhibition stand, so please come and say hello!

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Single Rulebook allows you to create customised alerts so that you can track and keep up to date on new updates to regulations, as well as annotations and labels that your company or team may have added to specific rules and regulations.

The platform also lets you tailor your alerts to specific jurisdictions so that you only receive alerts for regulatory regimes that you are interested in.

As Single Rulebook always displays the latest version of any regulatory text, you know that you are always reading and working on the correct version of the rules.

Watch our video on how to create customised alerts in Single Rulebook to keep on top of updates to the regulatory rules that are most important to you.

London, 23 March 2022 – Single Rulebook, a leading and integrated software platform for the management of regulatory rules, has won ‘Most Innovative Project 2022’ at the A-Team Innovation Awards for its new Exchange Rulebooks technology solution that helps industry participants monitor regulatory change resulting from amendments to Exchange Rulebooks, Exchange Notices and Circulars, on one digital platform.

The winners of the A-Team Innovation Awards are selected by the A-Team editorial team and Innovation Advisory Board, which comprises key people in the financial technology industry. The awards are designed to recognise companies at the forefront of innovation within the industry.

Single Rulebook’s easy-to-use platform and highly relevant search functionality allows firms to find the regulation they are looking for quickly and efficiently. The platform’s annotation feature also enables teams and organisations to share interpretations on regulation by adding comments and notes to specific rules and articles.  From building a regulatory change management framework to tracking and auditing decision making on important regulations, Single Rulebook is helping to transform the way the industry manages regulation.

Angela Wilbraham, CEO of the A-Team Group, who hosted the A-Team Innovation Awards 2022, commented “There are incredible innovations in the world of capital markets data and technology. We congratulate Single Rulebook on winning the Most Innovative Project 2022 award in recognition of their services which enable their customers to navigate complexities of regulation on one digital platform.”

Wim Nelen, Managing Director and Co-Founder of Single Rulebook, commented: “We are honoured to have been selected as the winner of the Most Innovative Project 2022. Many financial and trading firms struggle with the multitude of exchange updates and rulebook changes, so providing a service that allows them to manage these updates on a single digital platform removes the burden and challenges they currently face.”

Financial regulations and a firm’s interpretation of the regulations are continuously changing. With the EMIR Refit and MiFIR / MiFID II Review as well as regulatory divergence in the UK, the relationship between regulatory rules and associated documentation such as Q&As has never been more complex.

Rule Maps are embedded into Single Rulebook’s compliance software and user interface and they provide a unique and visual way of showing the relationship between different rules and associated guidance. Rule Maps also depict the relationship between financial regulations in different jurisdictions such as the EU and UK, helping compliance and regulation professionals better manage regulatory change.

A RegTech compliance platform, Single Rulebook uses advanced technology, such as natural language processing to improve regulatory workflows and processes.

Watch our video on how to navigate and use Rule Maps in Single Rulebook to manage regulatory change.

Single Rulebook wins ‘Best Regulatory Change Management Solution’ in the RegTech Insight Awards 2021 APAC

October 28, 2021 – Single Rulebook, a leading and integrated software platform for the management of regulatory rules, has won ‘Best Regulatory Change Management Solution’ at the RegTech Insight APAC Awards 2021 for its  innovative technology that enables firms to search, share and manage regulatory rules on one digital platform.

The RegTech Insight APAC Awards celebrate providers of leading RegTech solutions, services and consultancy. The awards are uniquely designed to recognise both start-up and established providers who are finding creative solutions to solve regulatory challenges that span a wide range of rules and regulations.

Single Rulebook’s easy-to-use platform and highly relevant search functionality allows firms and clients to find the right regulation or information they’re looking for quickly and efficiently. Single Rulebook’s annotation feature also provides a platform for teams and organisations to share interpretations on regulation by adding comments and notes to specific rules and articles.  From building a regulatory change management framework to tracking and auditing decision making on important regulations, Single Rulebook is helping to transform the way the industry manages regulation.

“Many congratulations to Single Rulebook for winning Best Regulatory Change Management Solution in our inaugural RegTech Insight Awards APAC 2021. It’s a real vote of confidence from across our readership of 30,000+ senior technology officers and RegTech specialists, who selected Single Rulebook as the clear winner in a very competitive field,” said Andrew Delaney, President and Chief Content Officer of A-Team Group, which hosts the RegTech Insight Awards.”

Wim Nelen, Managing Director and Co-Founder of Single Rulebook, commented: “What an honour to have been voted the winner of ‘Best Regulatory Change Management Solution APAC’ by both our existing clients and the industry at large. Navigating the multitude of complex regulatory rules has been a huge burden on firms but with our service they can now manage regulation on one digital platform.”

Regulatory interpretation and opinion needs to be kept up to date, shared and communicated across large organisations. With new regulations being introduced all the time and existing rules constantly updated, this can become an unmanageable process.

Single Rulebook uses advanced technology, such as natural language processing to improve many regulatory workflows and processes.  One feature of the platform – the Annotations functionality – allows you to make notes and pin your views and opinions to the underlying regulatory text and then share your notes and opinions with colleagues or keep them private.

Watch our video on how to make Annotations in Single Rulebook to learn more.

Do you struggle to keep up with the number of ESMA Q&As?

Since MiFID II was published, ESMA has published just over 450 Q&As relating to the regulation and directive.

Keeping up to date and considering all ESMA Q&As is a challenge for Compliance and Regulatory Change Management teams.

For example, take Article 35 in MiFID II on the establishment of a branch or using a tied agent to provide investment services to clients. This Article is associated with two Level 2 instruments: a Regulatory Technical Standard (RTS) and an Implementing Technical Standard (ITS) and seven Level 3 Q&As and guidance documents.

The below rule map, extracted from the Single Rulebook platform, displays the relationships and interconnectedness between the Article, the RTS and the Q&A documents in one simple visual. For regulated entities and clients, all of the documents apply and are highly relevant.

Rule map for Article 35 of MiFID II

Regulatory Conduct professionals, Legal teams and Compliance Managers need to be confident that they have considered all ESMA Q&As. Although this sounds obvious, it’s a real challenge not only to keep up with the number of Q&As but also to easily search and find the related documents.

Search, navigate and create a regulatory inventory for important rules and guidance that relate to your firm

With new guidance documents and Q&As published regularly, it is easy to miss a new Q&A, creating operational and regulatory risk for Compliance and Legal teams, as well as Front Office and Execution desks.

The functionality to search and navigate regulatory texts and see all associated guidance documents, including ESMA Q&As, is invaluable for Regulatory and Compliance professionals.

Adopting regulatory compliance management software such as Single Rulebook into processes and workflows allows users to navigate between documents easily, without losing the context and location of the document that they are working on.

In-house lawyers and external counsel also need a deep understanding and interpretation of regulation and how it has changed, in minute detail. This includes annotating and tracking how regulation has changed through time.

Single Rulebook is a regulatory knowledge platform. It offers digital tools such as visualised rule maps, powerful search, a Q&A mapping algorithm, tailored rule update alerts and collaboration tools to make working with complex regulation easier to manage.

Please get in touch to request a demo or to find out more.

More than half of respondents in a recent survey we ran said they still rely on spreadsheets to share regulation and regulatory opinion in their organisation.  This shows the challenges of working with regulation that still prevail in compliance and operations departments within financial firms, despite the emerging prevalence of RegTech.

In a constantly evolving world where technology is part of every aspect of our lives, regulation is no exception. RegTech is expanding all the time and while many systems are currently isolated, going forward we will see RegTech systems interacting with one another in an automated fashion in order to provide a more efficient and competitive way of working.

“RegTech is growing at a phenomenal rate and it’s going to empower the industry.”

Dario Crispini, CEO, Kaizen Reporting

With manual processes largely removed and digital rules and interpretations accessible across systems, RegTech will ultimately help improve accuracy and confidence in the compliance of an organisation.

During a recent webinar discussion between Single Rulebook and Kaizen Reporting we discussed the potential transformation that RegTech and digitisation may bring about in compliance and operations.

We also conducted two audience polls to canvas opinion on how the industry is currently working with regulation and regulatory text today:

Poll 1 Question & Answer:

How do you currently share regulation and regulatory opinion within your organisation?

  • Spreadsheets  (51% of responses)
  • Email  (38% of responses)
  • Paper / hard copies  (7% of responses)
  • Software solution  (4% of responses)

Poll 2 Question & Answer:

What do you think is the average tenure of a regulatory advisor in your firm?

  • Less than a year  (19% of responses)
  • Between one and 2 years  (22% of responses)
  • Between 2 and 5 years  (48% of responses)
  • More than 5 years  (11% of responses)

Both poll results provided valuable insights into how the challenges of regulation remain within compliance and operations. Using spreadsheets and email to share regulation and regulatory interpretations lead to poor governance and no audit trail. Spreadsheets have to evolve as the regulation evolves and emails are easily lost when someone leaves a firm.

The retention of regulatory experts within an organisation poses a unique challenge itself. As people move on, so does the regulatory knowledge and interpretation of rules that they have accumulated. This can be a real loss and a real challenge for both Compliance professionals and the organisation as a whole.

“With an integrated system, not only can regulatory knowledge and interpretations be retained, they can also be embedded into a firm’s own systems, policies and controls.”

Wim Nelen, CEO, Single Rulebook

If you wish you receive more information on this topic, please feel free to contact us.

With its sophisticated rule mapping system, Single Rulebook matches each new UK regulation with the corresponding EU rule in an easy to follow rule map. For example, take RTS 8 in MiFID II. Our visual rule map takes you directly to the new and corresponding UK rules (MAR 5 and MAR 7) and with one click, you can go straight to the new UK regulation.

Rule maps provide visual guidance on interdependent regulation for every single article, allowing users to understand correlations and relationships between regulatory rules without leaving the platform.

If you need help navigating regulation in a post Brexit world, please contact us.