According to MiFID II regulations, a financial intermediary/securities firm has to notify customers who either participate in discretionary portfolio management or invests in what is classified as complex financial instruments if their holding or portfolio declines more than 10 % during a quarter. For each 10 % decline like 20 %, 30 %, 40 %, etc. within the quarter a new alert has to be generated.https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32017R0565&from=EN#d1e5042-1-1
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This application conducts a daily scan of all alert enabled portfolios and instruments and delivers an alert report to you and can notify customers through three channels:
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