Donnelley Financial Solutions (DFIN) has partnered with MSCI to provide a reporting solution, helping investment managers and fund administrators comply with new Securities and Exchange Commission (SEC) modernisation requirements.
Under the agreement, MSCI will provide financial market data and risk metrics that will feed into Donnelley Financial Solutions’ ArcFiling data platform, to streamline the reporting process and help support compliance.
With the US SEC’s reporting modernisation rules, US mutual funds, and other registered investment funds, are required to gather more extensive information at a higher frequency.
The rule, which becomes effective on 1 June this year, also includes additional rules that states additional reference and taxonomy data and risk metrics need to be included by fund managers, in order to meet monthly Form N-PORT requirements.
Eric Johnson, president of global investment markets at Donnelley Financial Solutions, said: “We are very pleased to collaborate with MSCI to efficiently comply with the new regulations.”
He added: “The combination of MSCI’s data and Donnelley Financial Solutions’ expertise will allow our clients to better manage and understand their data, calculate risks, and build an efficient reporting process.”
Jorge Mina, head of analytics at MSCI, commented: “As the SEC compliance deadline approaches, asset managers are finalising their implementation plans. We are excited to work with Donnelley Financial Solutions to deliver a broad offering that will help companies meet regulatory requirements more effectively.”
