The SEC finalized the new Tailored Shareholder Reports Ruling on October 26, 2022. The final ruling had several notable changes from the original proposal and presents significant changes for the industry.
In fact, the SEC estimates that new ruling will impact nearly 12,000 funds/ETFs and 32,000 share classes.
Understanding the ruling can be both complex and time consuming. DFIN has been closely reviewing all aspects and interpretations, as well as the impact on the industry and end investor.
Dannie Combs, Chief Information Security Officer at DFIN, dives into the risks of burnout and stress among CISOs and why an adequate level of support from the organization can contribute to cybersecurity excellence.
Looking at trends in practice and in disclosure, Ron Schneider, Director of Corporate Governance Services at DFIN shares key insights on shareholder engagement relating to ESG.
Life Science Sales Director, Luke Marshall from EMEA, provides his insight on the future of SPACs and how the process is still promising for biopharma companies to go public.
Get to know Dannie Combs, DFIN’s Senior Vice President and Chief Information Security Officer, as well as a newly appointed member of the CNBC Technology Executive Council. He recently sat down with CNBC’s Susan Caminiti and talked about his upbringing and background in the tech space.
Darren Wray contributed an article for Cyber Defense Magazine to highlight the importance of cyber preventative maintenance and how DFIN helps businesses of all sizes protect their proprietary data with its Data Protect Solutions.
In 2017, the Financial Conduct Authority (FCA) realized through a market survey that intuitional investors were struggling to gather cost information to use in their investment decisions. To address this, the FCA issued a policy statement (PS17/20) to improve the disclosure of transaction costs in workplace defined contribution pensions. This led to the creation of the Defined Contribution Pensions Template (DCPT).
Darren Wray sits down with Cyber Protection Magazine to discuss personally identifiable information and DFIN helps companies mitigate risk by finding and securing sensitive information.
The PRIIPs KID retail investor disclosure document is due to go live in the European Union for all UCITS funds on January 1, 2023. Automation will be more critical than ever for asset managers who produce high volumes of investor disclosures as they prepare for successful implementation.
Here are some of the key areas that asset managers will need to consider.
General Data Gathering
Compared with the UCITS KIID, the PRIIPs KID implementation comes with significant data-gathering overhead. PRIIPs manufacturers need to gather:
Over the past few years, the SEC has issued a wave of regulations that have increased the demands for structured data. The updated disclosure regulations requiring iXBRL tagging for all business development companies (BDCs) and registered closed-end investment companies (registered CEFs), including interval funds, follow that trend.