Enables registered investment advisers (RIA) to disclose large amounts of aggregated financial and operational data for their private funds to the SEC
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?
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
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.
Click image to view at full size