Atlantic Fund Services, a fund administrator based in Maine, has picked Confluence's Unity NXT Regulatory Reporting platform for Form N-Port and Form N-CEN reporting.
Both forms are part of new requirements the US Securities and Exchange Commission passed in October 2016 around increasing transparency and modernizing reporting requirements for registered investment companies. Form N-Port requires firms to report a fund's complete portfolio holdings on a position-by-position basis. Form N-CEN requires firms to report census-type information.
Atlantic Fund Services has been a client of Confluence since 2000 when it implemented Unity Performance, Unity Price Distribution and Unity Index Reporting. Confluence's Unity NXT Regulatory Reporting platform emphasizes data integration, aggregation and reusability.
"We are growing rapidly, and when it comes to regulatory technology our clients count on us to provide an industry-leading technology solution. Our primary focus is data integration and re-use, as well as the flexibility to adapt to new and evolving regulatory reporting requirements," said Chris Koons, COO at Atlantic Fund Services, in a statement. "We're confident that Confluence will deliver the efficiency and control we need, while providing a solution to the onerous Form N-Port and Form N-CEN challenge."
The firm will also implement Unity Prospectus, which automates the production of fund prospectuses and can share data across the Confluence Investor Communications' product suite.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails