Wolters Kluwer Financial Services, the compliance and technology solutions provider, has launched a new tool helping financial firms address the regulatory obligations associated with holding shares in foreign entities, the firm said.

The new tool, named Compliance Passport, is available via the firm’s Compliance Resource network, a suite of regulatory compliance solutions that consolidate financial laws, regulations, news and commentary.

Compliance Passport allows financial professionals to access, identify, interpret and comply with jurisdictional variances in regulation, the firm said.

The new tool includes a shareholding disclosure application, which the firm said will help to deal with complying with shareholding disclosure rules, which differ from country to country.

Users will be able to see, for example, how disclosure rules apply to investment vehicles in relation to large shareholding positions in multiple regulatory jurisdictions.

“Having instant access to this information helps an organisation’s compliance and legal professionals understand complicated disclosure rules in foreign jurisdictions and make quick, accurate business decisions,” said Anna Monteiro, senior director of Global Regulatory Solutions at Wolters Kluwer Financial Services.

Wolters Kluwer said that it will continue to expand Compliance Passport to cover additional cross-border regulatory information.