CHICAGO, April 9,
2024 /PRNewswire/ -- Donnelley Financial
Solutions (NYSE: DFIN), a leading provider of risk and
compliance solutions, today announced it has met a critical
milestone in advance of the July 24
compliance deadline for the Tailored Shareholder Reports (TSR)
rule. DFIN, the provider of industry-leading financial
software, successfully test filed a full N-CSR based on the new
regulatory requirements, including an iXBRL tagged TSR, to the U.S.
Securities and Exchange Commission (SEC) on behalf of a large,
Chicago-based asset manager.
The SEC adopted the TSR regulation as part of its continued
effort to modernize and simplify shareholder communications.
It requires significant changes to both the content and the
presentation of information to create standardized and visually
engaging shareholder reports. The TSR compliance date is
July 24, 2024.
"This successful iXBRL tagged N-CSR/TSR test filing demonstrates
our leadership in the industry and commitment to deliver a
streamlined solution for a complex regulation. DFIN's
end-to-end suite of solutions is the catalyst for delivering
on-time and accurate regulatory compliance at the highest levels,"
said Eric Johnson, President of DFIN
Global Investment Companies.
DFIN is the largest SEC EDGAR filer by number of filings
annually, with nearly 40% of investment company filings on an
annual basis. Similarly, DFIN leads the market in iXBRL tagging and
filing. And its Arc Suite products, combined with traditional
and managed offerings, ensure regulatory compliance globally for
its customers.
About DFIN
DFIN is a leading global provider of innovative software and
technology-enabled financial regulatory and compliance solutions.
We provide domain expertise, enterprise software, and data
analytics for every stage of our customers' 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 X (formerly
Twitter) @DFINSolutions or LinkedIn.
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SOURCE Donnelley Financial LLC