Modernizing mutual fund reporting for today’s environment


Modernizing mutual fund reporting for today’s environment

Executive Summary

On 13 October 2016, the Securities and Exchange Commission (SEC) adopted new forms, rules, and amendments to modernize the current reporting and disclosure requirements of certain Registered Investment Companies (RICs). As the primary regulator of the investment management industry in the United States, the SEC continually identifies opportunities to address growth and complexity in the industry. In addition, as RICs grow, they will likely continue to innovate through the introduction of new products, fund types, and strategies.

While the industry has experienced unprecedented growth, the environment in which investment managers operate has also evolved. The new requirements will improve enhance and standardize data reporting for mutual funds, ETFs and other RICs. Harnessing new available technology can help the SEC consume data from RICs in a more streamlined fashion, leading to enhanced aggregation and dissemination capabilities. The combination of a growing and complex industry and the cutting-edge technology designed to support it has led the SEC to adopt a rule that modernizes the current reporting regime by improving the quality of data provided to investors and helping regulators collect and analyze fund data more efficiently.

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Performance magazine issue 23, May 2017

Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.

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