Pittsburgh-based data automation company
Under the new rules issued by the
Confluence's Unity Regulatory Reporting system automates this complicated process by automatically tagging new content in XML when it is created, instead of the slower, error-prone manual-tagging process. The Unity platform allows the same content to be integrated in a number of different ways.
“Fund managers and administrators are facing a time of unprecedented regulatory challenges, which are likely to continue,” said Scott Powell, product manager at Confluence. “By offering solutions such as Unity Regulatory Reporting, Confluence wants to empower fund companies to comply with regulatory reporting mandates while managing risk, reducing costs and gaining scale with unprecedented agility and control.”
Funds are required to post monthly reports of their portfolio holdings on their websites, starting on Oct. 7. The effective date for filing Form N-MFP is Dec. 7, and contains information for the month of November. The SEC will make this information public at the end of January.