About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Confluence Helps Fund Administrators Manage New Complex Money Market Fund Reporting Mandates

Subscribe to our newsletter

Confluence, a global leader in investment management data automation, today announced new software to help fund administrators manage complex Money Market Fund Reform Rule reporting recently mandated by the US Securities and Exchange Commission (SEC).

Unity Regulatory Reporting delivers an automated solution to the complex challenge of preparing and filing the SEC’s required Form N-MFP, via eXtensible Markup Language (XML), and repurposing the same content to create and deliver the necessary web reporting. This automated solution simplifies report generation and delivers complete reports to efficiently comply with the new five-day mandatory turnaround cycle.

The solution leverages the source content method of XML tagging. Unlike traditional document tagging methods that tag data in the post-production process, the source content method tags data at the source where it is created. As a result, Unity Regulatory Reporting eliminates manual, error-prone tagging of data and, in doing so, provides back office administrators with an accurate, cost effective and scalable solution to respond to the Money Market Fund Reform Rule challenges.

“Fund managers and administrators are facing a time of unprecedented regulatory challenges, which are likely to continue,” said Scott Powell, product manager at Confluence. “By offering solutions such as Unity Regulatory Reporting, Confluence wants to empower fund companies to comply with regulatory reporting mandates while managing risk, reducing costs, and gaining scale with unprecedented agility and control.”

With the deadlines for Money Market Fund Reform reporting fast approaching, Confluence recommends that fund administrators take action now to understand the data and delivery requirements of the rule and to identify data sources.

The Confluence Unity platform is defining and delivering the next generation of fund administration automation. By leveraging one centralised database, the Confluence platform replaces multiple time-consuming, costly and error-prone manual processes with the ability to achieve mass customisation, process consolidation and complete automation of vital reporting functions.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Meeting the challenges of regulatory change

Regulatory change is constant, complex and challenging, calling on financial institutions to attend to details of change whether relatively minor or large scale. Recent regulatory changes include MiFID II post-trade transparency requirements, including ESMA’s increase in data continuity checks that brokers must prepare for, and trading venues must make, when reporting instrument reference and quantitative...

BLOG

Alveo expands data partnership with SIX

Alveo, a cloud-based market data integration, analytics and Data-as-a-Service (DaaS) solutions provider, has expanded its global data coverage and feed integrations with the addition of new content from SIX, including sentiment indicators, tax, and regulatory risk data. SIX data sets covering global security master and historical pricing data are already available to users of Alveo’s...

EVENT

Data Management Summit New York City

Now in its 12th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...