CHICAGO, April 23,
2024 /PRNewswire/ -- Donnelley Financial
Solutions (NYSE: DFIN), a leading provider of risk and
compliance solutions, today announced it has met another major
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 Form N-CSR based on the
new regulatory requirements, including an iXBRL-tagged TSR, via its
proprietary SaaS solution ArcReporting® to the U.S. Securities and
Exchange Commission (SEC) on behalf of an asset manager. Building
on our previous success through traditional filing services, this
is a demonstration of the dynamic, end-to-end, straight-through
processing that DFIN's Arc Suite® offers our valued clients as they
can now create, file, web host and distribute complex financial
reports — all from a single platform.
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.
The 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.
"Leveraging the power of ArcReporting to test file a full Form
N-CSR and iXBRL-tagged TSR validates DFIN's commitment to our
customers to provide an automated and scalable solution that
fulfills the SEC's TSR requirements," said Floyd Strimling, DFIN's Chief Product
Officer.
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