DFIN Client Successfully Live-Files New Tailored Shareholder Reports with SEC through ArcReporting

Rhea-AI Summary

DFIN (NYSE: DFIN), a leading risk and compliance company, announced that a large Los Angeles-based asset manager successfully used its ArcReporting® SaaS solution to create, iXBRL-tag, and live-file a Tailored Shareholder Report (TSR) on Form N-CSR, complying with the SEC's new TSR rule. This achievement demonstrates DFIN's commitment to customer success and product innovation.

DFIN is the largest SEC EDGAR filer, handling nearly 40% of investment company filings annually. The enhanced ArcReporting solution, part of DFIN's Arc Suite®, allows clients to create, assemble, validate, and transmit N-CSR filings directly from the application. This streamlined process simplifies compliance with the new TSR rule, which aims to standardize shareholder communications for retail investors.

Positive

• Successfully implemented ArcReporting® for TSR filing compliance
• Largest SEC EDGAR filer with 40% market share in investment company filings
• Market leader in iXBRL tagging and filing
• Enhanced ArcReporting solution streamlines N-CSR filing process

Negative

• None.

DFIN's ArcReporting^® Streamlines Preparation, iXBRL Tagging, and Filing Process for Large Asset Management Company

CHICAGO, Aug. 1, 2024 /PRNewswire/ -- DFIN (NYSE: DFIN), a leading risk and compliance company, today announced that a large Los Angeles-based asset manager used its proprietary SaaS solution, ArcReporting^®, to successfully create, iXBRL-tag, and live-file a Tailored Shareholder Report (TSR) on Form N-CSR in compliance with the SEC's new TSR rule.

We've adapted to the TSR rule, simplifying a complex process and instilling confidence in our clients and their filings.

The SEC adopted the TSR rule to simplify and standardize shareholder communications, highlighting key information specifically for retail investors. This live filing further demonstrates DFIN's commitment to customer success and continuous product innovation.

"Delivering innovative solutions that help our clients simplify operations and stay ahead of the rapidly evolving regulatory landscape is in DFIN's DNA," said Eric Johnson, President of Global Investment Companies at DFIN.

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.

"DFIN's enhanced ArcReporting solution empowers our clients to create, assemble, validate, and transmit their N-CSR filings directly from the application – all with a streamlined dashboard view," said Floyd Strimling, Chief Product Officer at DFIN. "In the course of a year, we've adapted to the new TSR rule, simplifying a complex process and instilling confidence in our clients and their filings." 

ArcReporting is part of DFIN's Arc Suite^®, a robust platform designed to boost productivity, mitigate risk, and enable end-to-end, straight-through processing. Learn more about ArcReporting and TSR here: dfinsolutions.com/solutions/tailored-shareholder-reports.

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

FAQ

What is DFIN's ArcReporting® and how does it help with TSR filings?

ArcReporting® is DFIN's proprietary SaaS solution that helps create, iXBRL-tag, and live-file Tailored Shareholder Reports (TSRs) on Form N-CSR. It streamlines the preparation, tagging, and filing process for asset management companies to comply with the SEC's new TSR rule.

How much of the investment company filing market does DFIN (NYSE: DFIN) handle?

DFIN handles nearly 40% of investment company filings annually, making it the largest SEC EDGAR filer by number of filings.

What is the purpose of the SEC's new Tailored Shareholder Report (TSR) rule?

The SEC's new TSR rule aims to simplify and standardize shareholder communications, highlighting key information specifically for retail investors.

How does DFIN's ArcReporting solution benefit clients for N-CSR filings?

DFIN's enhanced ArcReporting solution allows clients to create, assemble, validate, and transmit their N-CSR filings directly from the application, providing a streamlined dashboard view and simplifying the complex filing process.