Asset managers, banks and insurance firms in Luxembourg are using AxiomSL to confidently manage ongoing regulatory change, including new tax, financial and risk operations reporting requirements.

Asset managers are reaping the benefits of AxiomSL’s solution for the Alternative Investment Fund Managers Directive (AIFMD), shareholding disclosure requirements and many other regulations. The AIFMD solution includes all of the data loading, transformation, aggregation and reporting functionality required. It can be delivered on site or as a managed service.

AxiomSL provides continuously-updated templates and the reporting functionality needed for disclosures to Banque Centrale du Luxembourg and Commission de Surveillance du Secteur Financier (CSSF). Meanwhile, for insurers, AxiomSL’s Solvency II solution is a major asset.

AxiomSL supports all electronic submission formats. Its industry-leading XBRL functionality includes the ability to maintain multiple taxonomy versions. As regulatory requirements continue to evolve, this flexibility is a significant advantage for reporting institutions.

AxiomSL’s ‘one platform’ model means the same underlying architecture can be used to comply with all of these requirements and many others, allowing clients to reduce the cost and complexity of regulatory compliance.