23 August 2017
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AQMetrics updates platform for new SEC investment company reporting rules

01 June 2017  |  2932 views  |  0 Source: AQMetrics

Leading RegTech company, AQMetrics, today announced new enhancements to its cloud-based platform. The updates will provide registered fund clients with updated forms and an advanced risk analytics and monitoring portal to ensure compliance with the Securities and Exchange Commission’s (SEC) new reporting regulations.

The new rules, which go into effect in June 2018, change several registered fund reporting requirements, including the addition of Form N-PORT, Form N-LIQUID and Form N-CEN.

“We are constantly evolving our RegTech solutions to meet the needs of our ever-growing client base,” said Geraldine Gibson, CEO of AQMetrics. “When the then SEC Chair, Mary Jo White, first introduced the concept of updated SEC reporting regulations for investment companies back in 2015, we got to work developing an industry-leading solution that will make complying with the new requirements as seamless, efficient and accurate as possible for our clients.”

Aimed at addressing the fund industry’s significant changes over the last twenty years, ranging from the advent of Exchange-Traded Funds (ETFs) to increased use of alternative strategies, the new SEC reporting regulations modernize and increase the transparency of registered fund reporting to enable investors to more accurately gauge and manage risk. Specifically, the new Form N-PORT, replacing Form N-Q, requires monthly portfolio holding reporting while the new Form N-CEN, replacing Form N-SAR, requires annual reporting of census-type information. Further, Form N-LIQUID promotes effective liquidity risk management for open-end management investment companies.

“Our platform updates and enhancements not only allow our registered fund clients to be confident in their ability to comply with the new regulations, but they go a step further – giving our clients access to robust risk analytics through the monitoring tool suite we’ve developed in tandem with the updated reporting mechanisms,” said Claire Savage, COO of AQMetrics. “When new reporting regulations, like the SEC modernization rules, come down the pipeline, we see an opportunity to not only ease our clients’ compliance burden but to actually offer them more insight into their fund performance.”  

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