Form PF (Private Funds)

Enables registered investment advisers (RIA) to disclose large amounts of aggregated financial and operational data for their private funds to the SEC

Overview


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PRIVATE FUNDS (PF) REPORTING

Registered investment advisers (RIA) are challenged by the depth and complexity of the reporting data requirements mandated by Dodd-Frank Wall Street Reform and the Consumer Protection Act.

Enforced by the U.S. Securities and Exchange Commission (SEC), Form PF requires that RIAs disclose large amounts of aggregated financial and operational data for their private funds.

COMPLEX DATA REQUIREMENTS

  • Data must be sourced from third parties including administrators, portfolio managers, portfolio companies, and investors, and often resides in disparate systems.

  • RIAs must disclose investor profiles, exposure market risk, counterparty risk, geographical concentration, and liquidity risk for money market funds.

Questions to Consider

  • Do we have a repeatable process in place to collect data from the required external and internal sources in order to meet reporting deadlines?
  • Do we have a plan to eliminate the manual processes upon which we currently rely for reporting?
  • Are we prepared to satisfy FINRA’s XML reporting format requirements?

  • Are we positioned to handle Form PF reporting, and other requirements such as Form CPO-PQR, Form CTA-PR, and AIFMD in a coordinated, efficient manner?
  • Are we confident in our methodology for protecting personally identifiable information (PII) as we manage data collection and aggregation for Form PF?

Solution

AUTOMATED, END-TO-END SOLUTION

AxiomSL’s end-to-end, automated Form PF solution on ControllerView enables RIAs to efficiently comply with evolving SEC and FINRA 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 PF, private funds and investment advisors are well positioned to adopt AxiomSL’s Form CPO-PQR, Form CTA-PR, and AIFMD solutions where significant reuse of datapoints exists. Utilizing AxiomSL’s single data integrity and control platform enables clients to achieve data consistency for these and many other 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
  • Prepares required formats and executes electronic submission using FINRA’s IARD PFRD portal
  • Enables RIAs to more easily identify in-scope funds

  • Reveals exceptions/nonconformances and provides status alerts, controls, and analytics via dashboards enabling users to easily monitor processes and update critical data
  • Ingests data natively from internal and external data sources
  • Provides robust variance analysis and reporting options

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AxiomSL’s Form PF Solution for Alternative Investment Managers

Delivers the necessary controls and analytical tools to navigate and update critical data to meet disclosure requirements for Form PF and ongoing regulations.

AxiomSL’s FORM CPO-PQR and CTA-PR

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Form PF: Reporting solutions for the Alternative Investment Community

Benefits

Monitors SEC regulatory changes, interprets impacts, and updates solutions including edit checks enabling clients to maintain satisfactory compliance and withstand audits

Interfaces non-disruptively with clients’ existing data structure/processes and deploys to AxiomSL’s RegCloud and enabling clients to optimize and future-proof compliance

Enables clients to view data and processes at every step and ensure data integrity originating from disparate sources and systems

Handles complex fund structures strengthening RIAs’ overall compliance stance and audit defense

Positions RIAs to adopt AxiomSL’s multi-jurisdictional solutions ― including Form CPO-PQR, Form CTA-PR, and AIFMD ― on a single platform to ensure data consistency across regulatory requirements, eliminate manual workarounds and redundant activities, and reduce total cost of ownership (TCO)

Empowers RIAs to successfully monitor and comply with regulatory requirements while adhering to PII obligations via an efficient data integrity and control platform that delivers complete transparency

Enables clients to meet stringent submission deadlines via an efficient, automated process environment

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