Date: November 7, 2011
Location: New York
AxiomSL, a leading global provider of regulatory reporting and risk management solutions announced today development of a Form PF solution making it easier for Investment Advisers to meet pending reporting requirements. Form PF is a complex regulatory filing for advisers to private funds required by both the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), which has wide-range implications for hedge funds.
On October 31, 2011 the SEC and CFTC jointly adopted Rule 204(b)-1 under the Investment Advisers Act of 1940. It requires Investment Advisers to private funds to file Form PF, designed to help regulators evaluate and monitor the systemic risks posed by hedge funds and other private investment vehicles.
“We have analyzed the data Scoping concept of Advisers, Reporting Funds, Parallel Funds, Fund Accounts, Master Feeder, etc., which drives control over structure of the filing. The system also integrates the concept of Sourcing controls, providing the organization the ability to enforce control over which Reporting Funds should have data of a specific type. Controls are critical throughout the system from a data existence perspective for a filing. A complex set of business rules was used not only those inherent in the Form PF, but parameter driven rules configurable by the organization. Additionally, business rules on sources to enable identification of relational integrity gaps between sources. We will utilize our ControllerView® platform for regulatory reporting including a specially designed management dashboard for work flow management. A full set of analytical tools will help Investment Advisers have full transparency into the reporting process with complete audit trails, drill down from Form PF to source level data, variance analysis, reconciliation, top-side adjustments and more” states AxiomSL CEO Alex Tsigutkin. “We are pleased to bring our PF Module solution to a market in need of data management and reporting capabilities for the initial filing in June for hedge funds over $1.5B.”
AxiomSL is a leader in software solutions for enterprise Risk Management, Data Management, Regulatory Reporting and Compliance. AxiomSL’s proven technological platform solves the highly complex data, risk and financial management challenges faced by the world’s leading financial institutions. AxiomSL’s products help clients deal with the dynamics of business and technology changes, adapting to different data and technical environments, allowing mission critical activities to be performed across the entire enterprise. AxiomSL’s professionals cover a range of disciplines, including risk management, database and middleware technology, financial control and regulatory reporting.