While many investment managers have started their journey towards compliance, others have struggled. The new requirements can be daunting for a firm because they create the prospect of disparate data sources, nascent data governance programs, and stretched operational support on top of the need to run a highly competitive business. 

This guide discusses the background of the SEC’s Investment Company Reporting Modernization Rules and the potential effects on individual financial institutions, including:

• Why the SEC established new rules
• What the rules entail and require
• How to create an SEC response program