CPO AND CTA REPORTING
Commodity pool operators (CPO) and commodity trading advisors (CTA) are challenged by the depth and the complexity of the reporting data requirements to comply with the rules mandated by the Dodd-Frank Wall Street Reform and the Consumer Protection Act.
The Commodity Futures Trading Commission’s (CFTC) data collection and risk reporting rule requires CPOs and CTAs (registered or required to register) to file Form CPOPQR and Form CTAPR, respectively.
RANGE OF DATA REQUIREMENTS
- Data must be sourced from third parties including administrators, portfolio managers, portfolio companies, and investors, and often resides in disparate systems.
- Required disclosures include investment strategy information, positions data, types of asset classes held, collateral, counterparty exposures, and risk metrics.
Questions to Consider
- Do we have a plan to eliminate the manual processes upon which we currently rely for reporting?
- During audits, can we produce a date/time stamped audit trail of each activity on the system?
- Are we prepared to satisfy National Futures Association (NFA) reporting format requirements?
- Have we established a repeatable process to collect data from the required external and internal sources in order to meet reporting deadlines?
- Are we positioned to handle Form CPO-PQR, Form CTA-PR, and other requirements such as Form PF and AIFMD in a coordinated, efficient manner?
AUTOMATED, END-TO-END SOLUTION
AxiomSL’s automated, end-to-end solution for Form CPO-PQR and Form CTA-PR reporting on ControllerView enables CPOs and CTAs to efficiently comply with evolving CFTC requirements.
DEPLOYMENT OPTIONS
Deployable on-premises or via AxiomSL’s secure RegCloud, reporting entities can consider the implementation that best supports their reporting requirements and future business evolution.
REPORTING FOUNDATION
By implementing Form CPO-PQR and Form CTA-PR, clients are prepared to file their reports to both CFTC and NFA and are well positioned to adopt AxiomSL’s Form PF and AIFMD solutions as significant reuse of datapoints exists. AxiomSL’s single data integrity and control platform enables clients to achieve data consistency across many regulatory requirements.
CAPABILITIES
- Provides robust, transparent data-management powered by a comprehensive rules- and taxonomy-based data dictionary, with data point drill-down from report to source
- Reveals exceptions and provides status alerts, controls, and analytics via dashboards enabling users to easily monitor processes and update critical data
- Prepares required XML formats and executes electronic submission using the NFA’s EasyFile portal
- Enables multi-level sign-off in a fully controlled user roles- and permissions-based environment
- Ingests data natively from internal and external data sources
- Enables CPOs/CTAs to more easily identify in-scope funds
- Provides variance analysis and robust reporting options
AxiomSL’s Form CPO-PQR Reporting Solution for Alternative Investment Managers
Provides a centralized platform to identify, capture, and integrate information from various administrators and internal sources to prepare the CPO-PQR regulatory filing while enforcing controls to manage compliance risk
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Form CPO-PQR and Form CTA-PR: Reporting Solutions for The Alternative Investment Community
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