SEC Proposed Rule: Modernized Investment Company Reporting Requirements

From MarketsReformWiki
Jump to: navigation, search
Modernized Investment Company Reporting Requirements Proposal
Proposal Date Comment Deadline Final Rule Issue
May 20th, 2015 60 days after Federal Register TBA

On May 20th, 2015 the Securities and Exchange Commission released it proposal to update the reporting requirements of investment companies, along with investment advisers. It proposes two new forms (N-CEN and N-PORT) that would change how census type information is reported and a new portfolio disclosure requirement.

Portfolio Reporting / Form N-Port

Form N-PORT would require that investment advisers disclose monthly information about their funds' investment. The form would include:

  • Pricing Data
  • Repurchasing agreements, securities lending activities, and exposures to counter-parties.
  • Derivative contract terms
  • Discrete portfolio level and risk measures of the position level [1]

Census Reporting / Form N-CEN

Form N-CEN would replace form N-SAR. This would be an annual reporting form that would take census information. Reports would be filed within 60 days of the end of the funds fiscal year. [2]

Proposed Rule


References

  1. SEC Proposes Rules to Modernize and Enhance Information Reported by Investment Companies and Investment Advisers. SEC. Retrieved on May 21, 2015.
  2. SEC Proposes Rules to Modernize and Enhance Information Reported by Investment Companies and Investment Advisers. SEC. Retrieved on May 21, 2015.

MarketsReformWiki Sponsors

RSM US LLP ADM Investor Services Cinnober Fidessa