Data Agent announces the release of Form PF Compliance Reporting module
Data Agents Form PF module supports the requirements of the SEC’s new rule 204 (b)-1 for Hedge Fund Managers.
Data Agents Form PF reporting service is designed to meet the needs of large Hedge Fund managers who are required to file Form PF quarterly and small Hedge Fund managers with annual filing requirements.
Data Agent’s Form PF Reporting service can be deployed both as a standalone product via a software as a service (SaaS) model, or as a module to our existing data management solution for hedge fund managers, HF-Suite, on the customer premises. The new module continues our comprehensive approach to data management for hedge funds, buy providing an end-to-end solution from data ETL services, Data Mart, Advanced Data Analytics to web based Reporting Portals.
Our Form PF SaaS offering is a cost effective solution for Clients that need to meet the filing requirements of Form PF without the addition of new hardware and software licenses. Both Form PF delivery solutions allow for electronic filing of the forms through FINRA.
Data Agent provides a web based interface for each of our Form PF service offerings allowing clients to view, manage, approve and file their Form PF, see images below. The web based module allows our clients to edit and update information across all sections of Form PF and to route sections to other team members for review and update. In addition, the client can access the underlying data for purposes of internal review and reconciliation. The web based application also provides a dashboard with key summary information and Alerts for any open data issues that need to be addressed prior to filing. Each section of our Form PF application has been designed with the same look and feel as the existing form to make it easy to navigate and to update critical information quickly.
Our Data Mart coupled with the Advanced Data Analytics of our Research Cube provide the necessary capabilities that our Clients need to meet the requirements of Form PF. As a result, adding Form PF to our Fund solution is a natural extension of our Reporting Services module for Fund Managers says Data Agent Founder and President Thuyen Nguyen. Data Agent possesses the ideal experience and expertise required of Form PF reporting.
About SEC Rule 204 (b)-1 and Form PF
On October 26, 2011, the Securities and Exchange Commission (SEC) voted to adopt new Rule 204(b)-1 under the Investment Advisers Act of 1940 (Advisers Act), which would require registered investment advisers to make periodic filings on new Form PF with the SEC. The rule along with a companion rule under the Commodity Exchange Act, were jointly approved by the SEC and the Commodity Futures Trading Commission to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted July 21, 2010 (Dodd-Frank). These rules, with an effective date of March 31, 2012, are designed to assist the Financial Stability Oversight Council (FSOC) created by Dodd-Frank in assessing potential systemic threats to the financial stability of the United States arising from private fund activities. Managers of private equity funds, real estate funds, hedge funds and liquidity funds (i.e., unregistered money market funds) will be affected.
About Data Agent
Data Agent, LLC. is an innovative investment technology company headquartered in Berkeley, CA. Data Agent was founded in 2003 on the premise that investment data should be both centralized for consistency and directly support the end users decision-support needs. The Data Agent Solutions support internal needs such as reporting, on-line inquiry, research, analytics, risk analysis, performance, attribution and compliance reporting requirements.
The Data Agent founders have more than 45 years of experience in financial services and investments technology. Our Customized Industry Suites simplify day-to-day P&L reports, consolidate transactions, analytics, research, and generates professional investment reports to clients. Data Agent has the real world experience to integrate with your accounting and trading software packages. For more information on our services please visit www.dataagent.com.