SEC Reporting Modernization Ready with CSS

A comprehensive solution for Forms N-PORT, N-CEN and N-LIQUID

SEC Investment Company Reporting Modernization arrives in June 2018, but the work has to start now. Our comprehensive solution informed by our extensive experience, allows you to become Reporting Modernization ready in good time, improving data flow and quality across your company and between your stakeholders while implementing best practice to enhance your relationship with the SEC.

Clean and timely source data

Timely, accurate, complete and consistent data are required for Form N‐PORT (30 days after month end) and Form N‐CEN (75 days afterer year end), with any failure bringing regulatory and consumer censure. Firms will need to create a centralized auditable store of clean data brought together from multiple internal and external sources.

Compliance workflow management

With tight timelines, firms will be hard pushed to implement an efficient sign‐off process that has the appropriate balances and checks to ensure accurate and timely filing. Quality control, with multi‐eye approval and a built‐in audit trail, are key to meeting requirements.

Organizational scale

The changes are going to challenge most firms’ organizational scale – the rules involve a near doubling of the data points while the reporting period is halved. Firms will need to choose support that can accommodate multiple filings and sources, with increased resource available at peak times.

End‐to End process control

Firms need to be cognizant of the consistency of reporting across different public venues where their data is visible.
The key will be automation and making sure they have the right vendors in place to handle requirements.

Want to read more?

Fill in the form below to download the full article.

Loading form...

Latest Content

As Form CRS Compliance Date Nears, Approaches to Meet Challenge Coming Into Focus

Form CRS, the sleeping giant, awakens! Investment advisers and broker dealers are turning their attention to planning for Form CRS, training and developing procedures to implement the SEC’s new rule and related interpretive releases. CSS developed Form CRS Automator, a software tool, to streamline the process. It allows teams to quickly produce compliant and accurate … Continued

Key Takeaways from 2020 OCIE Exam Priorities

On January 7, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued its exam priorities for 2020 and reiterated its focus on protecting retail investors, particularly seniors and those saving for retirement. Here are some key takeaways from the exam priorities: Retail Investors OCIE will continue to focus on recommendations and advice provided to … Continued