BNY Mellon launches Form PF reporting solution 20 March 2013New York and London Reporter: Jenna Jones
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BNY Mellon has developed a reporting solution that enables its alternative investment clients to prepare and file Form PF, as required by recent rules introduced by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission.
Form PF reporting complies with section 404 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, aimed at protecting investors and the US financial system from future systemic risk.
The new service offers its fund administration clients—who are SEC registered investment advisers to private funds—the ability to meet Form PF’s complex data collection, records management, transparency reporting and filing requirements.
Alan Flanagan, global head of product management for alternative investment services at BNY Mellon, said: “Fund managers and advisers are challenged by growing regulatory demands. This important new service is part of our ongoing investment in technology to make reporting and compliance as seamless for clients as possible.”
“Investments clients that need the infrastructure or added resources to identify, aggregate and manage Form PF requirements can turn to us for flexible, cost-efficient support, allowing them to better focus on their core expertise of investment management.”
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