Form N-PORT and Form N-CEN Modules Added to Advise Consensus Reporting Platform

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Advise Technologies Releases Form N-PORT and Form N-CEN Reporting Module

Form N-PORT and Form N-CEN Reporting

Form N-PORT and Form N-CEN Reporting

"We're ready to help firms meet their Form N-PORT and Form N-CEN obligations," said Adam Capon, Advise's Managing Director and Head of Client Services.

Advise Technologies has added Form N-PORT and Form N-CEN modules to its award-winning Consensus RMS regulatory reporting platform. The modules are available in the software for customer use and demonstration.

Forms N-PORT and N-CEN are new forms that will require certain mutual funds and exchange-traded funds (ETFs) to report additional information to the SEC. With rigorous requirements and a 2018 compliance date, Forms N-PORT and N-CEN present several challenges for affected firms related to sourcing, preparing, and reporting filing data.

"We're ready to help firms meet their Form N-PORT and Form N-CEN obligations," said Adam Capon, Advise's Managing Director and Head of Client Services. "Our software has been designed to streamline the reporting process, and our services team is prepared to help make filing as painless as possible."

The Form N-PORT and Form N-CEN modules in Consensus RMS offer a robust calculations engine, management reporting, a full audit trail, and e-filing submission, among other features.

Form N-PORT will require all registered investment companies (RICs) and ETFs organized as unit investment trusts (UITs) to report portfolio holding details on a monthly basis. It replaces Form N-Q. Compliance dates are dependent on RIC size: Firms with a net asset value (NAV) ≥ $1 billion have a June 1, 2018 compliance date, while those with a NAV < $1 billion have a June 1, 2019 compliance date.

Form N-CEN will require all RICs (except face-amount certificate companies) to annually report census-type information to the SEC. It replaces Form N-SAR and has a compliance date of June 1, 2018.

In addition to the new modules, Advise recently partnered with experts from EY, Bloomberg, and Dechert to host a webinar on Form N-PORT and Form N-CEN reporting requirements and challenges. A recording of the webinar can be accessed here: http://www.advisetechnologies.com/regulatory/regulatory-news/webinar-n-port-reporting.aspx

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About Consensus
Consensus Regulatory Management System is an award-winning platform used by investment managers for a repeatable, reliable, and automated filing process. Consensus RMS includes filing capabilities for regulatory forms including Form ADV, Form PF, AIFMD Annex IV, CPO-PQR, FATCA, 13F, TIC, and a number of similar requirements.

About Advise
Advise Technologies, a CSS company, is a premier provider of reporting and compliance software for investment managers. With four flagship products – Consensus, Notes, Signal, and Vault – it provides innovative solutions to the regulatory and operational challenges faced by clients. Advise was founded in 2010 and is headquartered in New York with offices in major European financial centers. For more information: http://www.AdviseTechnologies.com

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John Bobis
Advise Technologies
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