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Confluence Readies the Vast Majority of ’40 Act Funds for SEC’s Forms N-PORT and N-CEN Filing Requirements

September 19, 2018

Pittsburgh, PA, September 17, 2018 – Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced that their clients - fund administrators and asset managers servicing or managing over 75% of ’40 Act funds - are meeting their Form N-PORT reporting obligations and have filed their first round of Form N-CEN successfully.

Both Form N-PORT and Form N-CEN require certain registered investment companies to compile fund data and report it to the SEC in a structured format on a regular basis. The SEC adopted temporary rule 30b1-9(T) postponing, until April 30, 2019, the need for funds in larger fund groups to file Form N-PORT but still required those funds to maintain the information that is required to be included in the form, which is subject to examination by the SEC.

Finding that the first several months of Form N-PORT data have been compiled successfully and that the first round of Form N-CEN have been filed, Confluence can confirm that its clients, and thus, the vast majority of ’40 Act funds, are prepared and meeting the SEC’s new reporting requirements.

“We understand how complex and challenging the new SEC Modernization reporting requirements are for the industry,” commented Todd Moyer, Chief Operating Officer at Confluence. “We are grateful for the partnerships we have with our clients with whom we have worked in lock-step to implement solutions in an unprecedented industry-wide effort to meet the demands of the SEC Modernization regulation.”

Unity NXT® Regulatory Reporting is Confluence’s solution that eases the data management challenges and automates the filing processes for global regulatory reporting obligations including Form N-PORT and Form N-CEN.  Unity NXT Regulatory Reporting is a flexible platform under constant development to deliver solutions to global reporting challenges in an ever-evolving regulatory landscape.

About Confluence

Confluence is a global technology solutions provider delivering innovative products to the worldwide money management industry, to meet asset managers’ and service providers’ performance, reporting, analytics, risk and data needs. With the recent acquisition of StatPro, Confluence offers its clients a broader range of data-driven managed investment solutions including post-trade regulatory and shareholder reporting, performance and attribution, portfolio analytics, and asset data services and data management, delivering a full technology suite to the front, middle and back office. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations across Europe, North America, South Africa, Australia and Asia.

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