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Advise Technologies Releases Updated Form N-PORT and Form N-CEN Modules ahead of SEC Modernization Test Filing Period(August 09, 2017)
New York, NY (PRWEB) August 09, 2017
Advise Technologies has updated the Form N-PORT and Form N-CEN modules in its Consensus RMS platform in preparation for the opening of the SEC Reporting Modernization test filing period on September 11, 2017. The modules were updated based on recently released technical guidance and XML schemas, and will allow for the submission of test filings through EDGAR.
"We're committed to helping firms meet their SEC Reporting Modernization obligations, and updating our Form N-PORT and Form N-CEN modules brings us one step closer to successful filings," said Jeanette Turner, Chief Regulatory Attorney and Head of the Best Practices Team at Advise Technologies. "Advise is ready to assist clients through every step of the filing process. Our software is built and our experts are prepared to answer all client questions."
The Form N-PORT and Form N-CEN modules in Consensus RMS offer a robust calculations engine, management reporting, a full audit trail, and e-filing submission, among other features. With this release, investment managers will be able to evaluate their data preparation methodologies, adopt new processes, and submit test filings in the required structured XML format via Consensus RMS ahead of the compliance date.
Form N-PORT will require all registered investment companies (RICs) and ETFs organized as unit investment trusts (UITs) to report portfolio holding details on a monthly basis. It replaces Form N-Q. Compliance dates are dependent on RIC size: Firms with a net asset value (NAV) ? $1 billion have a June 1, 2018 compliance date, while those with a NAV < $1 billion have a June 1, 2019 compliance date.
Form N-CEN will require all RICs (except face-amount certificate companies) to annually report census-type information to the SEC. It replaces Form N-SAR and has a compliance date of June 1, 2018.
In addition to the updated modules, Advise recently partnered with experts from EY, Bloomberg, and Dechert to host a webinar on Form N-PORT and Form N-CEN reporting requirements and challenges. A recording of the webinar can be accessed here: http://bit.ly/Advise_NPORT
On September 7, 2017, Advise is hosting a webinar on Form N-PORT's Rule 22e-4 liquidity risk management requirements. Attendees can register here: http://bit.ly/Nport22e4
About Consensus RMS
Consensus Regulatory Management System is an award-winning platform used by investment managers for a repeatable, reliable, and automated filing process. Consensus RMS includes filing capabilities for regulatory forms including Form ADV, Form N-PORT, Form PF, AIFMD Annex IV, CPO-PQR, FATCA, 13F, TIC, and a number of similar requirements.
About Advise Technologies
Advise Technologies, a CSS company, is a premier provider of reporting and compliance software for investment managers. With five products – Advise TTR, Consensus, Notes, Signal, and Vault – it provides innovative solutions to the regulatory and operational challenges faced by clients. Advise was founded in 2010 and is headquartered in New York with offices in major European financial centers. For more information: http://www.AdviseTechnologies.com
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