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EDI launches FOL service

Staff writer
June 23, 2021, 1:19 p.m.
106

Word count: 148

Exchange Data International (EDI), a provider of global security corporate actions, pricing, and reference data services, has launched Foreign Ownership Limitations (FOL) service.

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Exchange Data International (EDI), a provider of global security corporate actions, pricing, and reference data services, has launched Foreign Ownership Limitations (FOL) service.

The FOL service informs users whether a foreign firm or individual has exceeded stock ownership ceiling limits.

The service covers 58 Exchanges in 50 countries and provides access to 37 data fields.

The data can be fed into systems already in place, enabling them to accurately calculate whether transactions breach foreign stock ownership limitations.

Periyasamy Rajendran, Director, International Business Strategy at EDI, said: “The growth in nationalism is often reflected in restrictions on foreign ownership, EDI is pleased to offer the Foreign Ownership Limitations service to international investors that wish to invest globally.”

FOL’s data can be fed into systems already in place, enabling them to accurately calculate whether transactions breach foreign stock ownership limitations. The service is monitored daily and available in TXT format.

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