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SEC Investment Company Reporting Modernization Support

The first thing any investment company must do in response to the new SEC Investment Company Reporting Modernization is evaluate its current state of readiness. Chances are you have started a compliance program. However, we can help you understand your gaps, including areas where you need immediate action and longer-term changes to support the program.

Immediate action areas may include any of the following:

  • Planning: Review of project governance, project plans, and risk logs to identify red flags
  • Analysis: Identification of critical data gaps, implementation or reinforcement of data governance processes, and documentation of requirements
  • Implementation: Technical services to acquire and integrate new data sources, develop data quality checks and approval workflows, and make website upgrades
  • Quality assurance: Develop test plans and test cases, and provide test automation

Longer-term measures may be necessary to shore up existing data and reporting platforms and calculation engines. The outcome of these measures would be quicker turnaround with reduced manual intervention, and greater confidence in the reports’ accuracy.

Our data management practitioners have extensive experience with investment data. We have worked on major data management initiatives that help our clients become more agile, lower costs, reduce risk, and achieve regulatory compliance.

Our risk and compliance practice has a proven track record of helping financial firms understand and react to regulatory mandates. Our clients include some of the largest banks and investment management firms, and our practitioners have direct, hands-on experience with internal transformation programs focused on complying with regulations from authorities like the SEC, FINRA, and OCC.

If you are interested in learning more about the SEC’s Investment Company Reporting Modernization Rules, download the recent guide we published. To learn more about our capabilities, please don’t hesitate to reach out via the contact form located at the bottom of this page.

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