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.

Fill in & submit the form below to download this Whitepaper

Thank you!

Your download will appear below momentarily.

Download Now.

Latest Content

Breakdown of OCIE’s COVID-19 Compliance Risks Alert

The SEC’s “Office of Compliance Inspections and Examinations (“OCIE”) issued an Alert today regarding “Select COVID-19 Compliance Risks for Investment Advisers and Broker-Dealers.” OCIE shared observations regarding six broad categories: protection of investors’ assets; supervision of personnel; practices relating to fees, expenses, and financial transactions; investment fraud; business continuity; and the protection of investor and … Continued

Are Investment Managers Going to Have More KIDs?

Let us be clear…. we’re actually talking about the potential increase in production of point-of-investment disclosure documents for investment managers. The complications and stress of Brexit just got a whole lot more real for many UK- and EU-based investment management companies that are subject to rules requiring production of UCITS KIID (Key-Investor-Information-Document) and PRIIPs KID … Continued

Do You Feel Confident Your Password Hasn’t Been Hacked?

As a cybersecurity consultant, I am often asked if some of the threats we industry practitioners talk about are overstated. Hyped up fear as a sales tactic. The simple answer is no. The fear is not overstated, and the risks all too real – which helps to explain why cyber remains a top priority for … Continued