CHICAGO--(BUSINESS WIRE)--Donnelley Financial Solutions (NYSE:DFIN) announced today that it successfully submitted SEC Modernization test filings of NPORT-P, NPORT-NP and N-CEN with the U.S. Securities and Exchange Commission (SEC). Donnelley Financial, the largest EDGAR filer by volume as reported by the SEC, created and filed these test filings using their end-to-end ArcFiling solution that automates the collection, creation, review and self-filing of Forms N-PORT and N-CEN. On June 1, 2018, Forms N-PORT and N-CEN become effective, and will replace the existing Forms N-Q and N-SAR.
"Successfully filing Forms N-PORT and N-CEN, which significantly expand the scope of required data, on the first day of test filing by the SEC, demonstrates our unrelenting commitment to data and its impact on our clients, our swift response to regulatory change, and our leadership in this space” said Eric Johnson, President of Global Investment Markets at Donnelley Financial.
Brian Lynch, Donnelley Financial's Vice President of Content Management, elaborated, "The ArcFiling platform, which currently produces and files multiple monthly money market filings, has been enhanced to meet the SEC’s new modernization requirements, including the ability to ingest new data fields, validate data designed for an exception-based process, and batch file the new forms directly with the SEC’s EDGAR system. The success of these filings on the first day of test filing shows Donnelley Financial will be ready ahead of the June 1, 2018 deadline.”
ArcFiling is part of Donnelley Financial’s FundSuiteArc® content management and regulatory filing platform, which enables clients to store and manage data in a central repository so compliance and regulatory documents can be easily and efficiently accessed, edited, translated, rendered and filed. The system focuses on automating and improving the end-to-end process of creating and updating fund documents.
About Donnelley Financial Solutions, Inc.
Donnelley Financial Solutions (NYSE: DFIN) provides software and services that enable clients to communicate with confidence in a complex regulatory environment. With 3,500 employees in 61 locations across 18 countries, we provide thousands of clients globally with innovative tools for content creation, management and distribution, as well as data analytics and multi-lingual localization services. Leveraging advanced technology, deep-domain expertise and 24/7 support, we deliver cost-effective solutions to meet the evolving needs of our clients. For more information about Donnelley Financial Solutions, visit dfsco.com.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in Donnelley Financial Solutions’ filings with the SEC. Donnelley Financial Solutions disclaims any obligation to update or revise any forward-looking statements.