BNY Mellon today announced the launch of its “Registered Investment Company Regulatory Reporting Solution” (or RIC Regulatory Reporting Solution), a new end-to-end data platform that makes it easier for registered investment companies (RICs) to meet reporting requirements recently mandated by the U.S. Securities and Exchange Commission (SEC).
“We are always looking for opportunities to create frictionless data collection and reporting experiences for our registered investment company clients so that they can focus on growing their assets,” said Victoria McGowan, Head of Global Fund Administration, BNY Mellon. “Our unique solution consolidates and normalizes multiple data sets into our state-of-the-art NEXENSM technology platform, making it easier for customers to fulfill their SEC reporting obligations.”
The RIC Regulatory Reporting Solution combines proprietary and third-party data within NEXENSM, allowing BNY Mellon RIC clients to efficiently review, approve and file SEC forms “N-PORT” (a fund’s complete portfolio holdings) and “N-CEN” (census-type information) within the compressed filing timelines. The BNY Mellon solution can also be integrated with the Fixed Income Risk Analytics service or the BNY Mellon Risk ViewSM solution for portfolio composition and risk exposure monitoring.
“Today’s regulatory environment places a hefty burden on registered investment companies and is fraught with potential landmines,” said Christine Gill, head of BNY Mellon’s Investor Solutions Group and U.S Financial Institutions. “Our new RIC Reporting Solution provides BNY Mellon clients with a comprehensive, transparent and efficient solution leveraging our robust control environment and innovative technology platform.”
To learn more about BNY Mellon Asset Servicing, please visit our website or submit a request and a member of BNY Mellon’s team will contact you. Alternatively, feel free to visit BNY Mellon’s Fund Services home page to learn how our fund services can help you to enhance and oversee your investment process.