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SS&C Announces Comprehensive New Solution for SEC Modernization Reporting Rules

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced SS&C GlobeOp SEC Modernization Reporting™. This comprehensive solution is designed to manage all the challenges of the SEC's new modernization rules for investment companies reporting and liquidity. SS&C will be one of the first to market a product designed to support compliance with the new SEC Modernization Reporting and Liquidity Risk Management Program Rules.

The SEC modernization is specifically relevant to firms identified as Registered Investment Management Companies under the Investment Company Act of 1940, such as mutual funds, closed end funds, UITs, and ETFs. According to SEC estimates, there are approximately 12,000 funds that will be affected by the new SEC modernization rules. The first of these new reports will be due July 30, 2018.

The SS&C solution is offered as a flexible license or as a full-service that will facilitate compliance through efficient and accurate reporting of Forms N-PORT, N-CEN, and N-LIQUID reporting. State-of-the art technology and straight through processing enables reduced cost, transparency, drilldown capabilities, and a complete audit trail in a controlled environment.

The SEC Modernization Reporting's superior data normalization, enrichment, and aggregation engine can accommodate data from any system and adapts quickly to new or updated regulatory requirements. The new solution also adds the value of SS&C's in-depth subject matter expertise delivered through its dedicated global regulatory solutions team.

SS&C GlobeOp offers reporting and service solutions for many of the most complex and data-intensive alternative investment filings. All regulatory reporting solutions are built so managers can maximize their time and ensure the accuracy of their reporting.

"SS&C Regulatory Solutions team, along with CORE, our proprietary enrichment, organization, and normalization engine, have a proven track record of exceptional expertise and performance in regulatory reporting," said Michael Megaw, Managing Director and Global Head of Regulatory Solutions for SS&C GlobeOp. "We are excited to announce that we will now be offering '40 Act' funds, the same reporting excellence we have provided to the alternative asset management community for the past five years."

SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.