He added Abide has also seen great client uptake in its Proximity programme, which was designed to help clients upload, visualise and report their data. NEX Group subsidiary, Abide Financial, has applied to become an approved reporting mechanism (ARM) and approved publication arrangement (APA), before the new regulations MiFID II are set to take effect. The company is also seeking approval for a “non-compliant reporting” scheme that would allow it to report on its activities in countries outside of the UK without having to comply with any regulatory requirements.
NEX Group subsidiary, Abide Financial, has applied to become an approved reporting mechanism (ARM) and approved publication arrangement (APA), before the new regulations MiFID II are set to take effect. The company is also seeking approval for a “non-compliant reporting” scheme that would allow it to report on its activities in countries outside of the UK without having to comply with any regulatory requirements.