Wolters Kluwer Do Publishing Deal With Linklaters

Written by Sean Hocking

Wolters Kluwer Financial Services announced  today that it is contracting with Linklaters,  to offer the Legal Compliance Services solutions from the firm’s Blue Flag® product suite..... This marks the first time Blue Flag products, which were created by Linklaters for its clients in the financial services industry to provide regulatory compliance information on conducting international business, will be available to the broader financial services market. Wolters Kluwer Financial Services say that they will work with Linklaters to bring three of its online services Regulatory Shareholding Disclosure Funds The press release goes on to say... Blue Flag Regulatory - A cross-border legal risk management tool for investment banks, securities firms, commercial banks, asset management firms and hedge funds, this tool covers 35 countries in Europe, Asia and the Americas, and addresses a number of topics, including licensing, conduct of business rules and marketing restrictions for various financial services activities and products. Blue Flag Shareholding Disclosure - Designed for companies and financial institutions that face the challenge of complying with detailed shareholding disclosure rules, which differ from country to country, this resource shows how disclosures apply in relation to large shareholding positions in 41 jurisdictions. Blue Flag Funds – This solution assists fund managers and portfolio managers in developing appropriate marketing strategies for the promotion of funds in different jurisdictions; interprets the applicable regulatory provisions that govern the sale of financial products in a variety of markets. “As financial services firms conduct more international business in an increasingly complicated regulatory environment, they need information and tools that can help them access and understand the regulations that apply in the different jurisdictions in which they do business,” said Stephen Fletcher, partner at Linklaters. “By working with Wolters Kluwer Financial Services, we can help to meet this growing demand by expanding the reach of Blue Flag to offer truly useful multi-geographical tools for the financial marketplace.” “For more than 65 years, CCH Wall Street has helped securities professionals navigate the ever-changing regulatory environment,” said Mark Coronna, executive vice president of Securities and Insurance at Wolters Kluwer Financial Services. “With our recent expansion into the U.K. marketplace, we are focused on broadening CCH Wall Street’s international content. Offering the Blue Flag legal risk management tools complements this effort and will undoubtedly appeal to financial firms facing the challenges of global growth.” CCH Wall Street offers customizable compliance tools addressing written supervisory procedures, investment adviser compliance manuals, employee personal trade surveillance and records management. With its flagship online platform, cchwallstreet.com, subscribers can access a suite of rich databases and resources that offer compliance insight and in-depth regulatory analysis. Our congratulations more so to Linklaters than to CCH... as we've hoped for a while a law firm has in essence become a high end publisher offering a product better that the publishers could create themselves. HOB would love to see other firms take heart from this deal and see the opportunities available to them. Hopefully, over time firms, will become producers rather than consumers of content and use their internal knowledge to create new revenue channels.

 

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