Product release provides DFIN's ArcReporting
clients with a head start on complying with the Tailored
Shareholder Reports regulation
CHICAGO, Oct. 12,
2023 /PRNewswire/ --DFIN, a leading risk and
compliance company, today launched the first iteration of its SaaS
offering, enabling investment company clients to begin onboarding
and producing Tailored Shareholder Reports ("TSR"). The U.S.
Securities and Exchange Commission adopted the regulation as part
of its continued effort to modernize and simplify shareholder
communication. It requires significant changes to both the
content and the presentation of information to create standardized
and visually engaging shareholder reports.
"Unlike fact sheets, TSRs are financial reports that will have a
significant impact on investment companies," said DFIN's Chief
Product Officer, Floyd Strimling.
"Compliance with the regulation will require data management with
audit capabilities, iXBRL tagging, and end-to-end processing that
includes filing, webhosting and distribution. As a market leader,
we are uniquely positioned to offer the best-in-class solution to
meet the new rule requirements."
The three main elements of our product release, which are
available to ArcReporting clients, include straight-through
processing between the financial report and TSR, dynamic templates
and dashboard-driven process controls.
- Integrated data flow within ArcReporting eliminates the need
for post-production reconciliation and guarantees consistency with
the fund's financial results at a share class level.
- The pre-designed template structure dynamically adjusts to our
clients' specific content needs, accelerating implementations.
Adaptable templates satisfy branding requirements by offering
dozens of flexible formatting options.
- The dashboard updates in real time, displaying the status of
multiple steps within the production cycle. Clients can generate,
download, and approve TSR financial report data in bulk.
"This initial product release helps our clients begin to prepare
to meet the compliance requirements of a very complex
regulation. Our TSR solution is built with an increased focus
on automation. Which, combined with our expertise in financial
reporting, will provide an answer for all aspects of the
regulation," said Eric Johnson,
President of DFIN Global Investment Companies.
The new TSR solution is available to clients of ArcReporting,
DFIN's industry-leading financial reporting product. As part
of the Arc Suite platform, ArcReporting provides a robust set
of functions designed to boost productivity, enhance audit trails,
minimize handoffs, and mitigate risk when producing financial
statements.
About DFIN
DFIN is a leading global risk and compliance solutions company.
We provide domain expertise, enterprise software, and data
analytics for every stage of our clients' business and investment
lifecycles. Markets fluctuate, regulations evolve, technology
advances, and through it all, DFIN delivers confidence with the
right solutions in moments that matter. Learn about DFIN's
end-to-end risk and compliance solutions online at
DFINsolutions.com, or you can also follow us on Twitter
@DFINSolutions or LinkedIn.
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SOURCE Donnelley Financial LLC
