Donnelley Financial Solutions (NYSE:DFIN) announced an agreement with ICE Data Services, which is part of Intercontinental Exchange (NYSE: ICE), to offer a comprehensive reporting solution to help fund companies comply with the Securities and Exchange Commission’s (SEC) reporting modernization rule.
The rule goes into effect on June 1, 2018 and will require mutual funds and exchange traded funds (ETFs) to file the new monthly N-PORT form, which will provide the SEC with more detailed information about fund holdings.
With this agreement, Donnelley Financial combines its strengths and expertise in regulatory filings with ICE’s capabilities in financial market data and analytics to help fund companies comply with the SEC’s monthly N-PORT filing. Donnelley Financial’s ArcFiling platform has developed a standard integration with ICE Data Services’ offerings of reference data, risk metrics, taxonomy data and evaluated pricing, reducing the data sourcing and calculation burden for fund companies. This joint solution provides a comprehensive, efficient tool for fund companies to prepare, validate and submit the monthly filings to the SEC.
“We are pleased to work with ICE Data Services to create a turn-key solution for SEC Modernization. This rule will transform the reporting of portfolio holdings, requiring more frequent and substantive data,” said Eric Johnson, President of Global Investment Markets at Donnelley Financial Solutions. “ICE's comprehensive data solutions coupled with our presence and expertise in SEC filing offer a holistic regulatory solution that streamlines reporting for N-PORT.”