Confluence is "offering a new whitepaper that addresses the impact of new Money Market Fund Reform Rule Reporting requirements for fund administrators, and provides guidelines for facilitating timely and accurate compliance," says a recent press release. It says, "​To mitigate risk and provide greater transparency to investors, the U.​S. Securities and Exchange Commission (​SEC) recently approved Release IC-​29132, commonly referred to as the Money Market Mutual Fund Reform Rule. In addition to placing limits on investments to be held in money market mutual fund portfolios, the rule requires radical changes in the frequency, content, timeliness, and delivery format of holdings reporting. There are also additional costs to fund companies." Scott Powell, Product Manager at Confluence says, "Complying with these new requirements creates significant issues for administrators relying on manual processes. When tackled manually, it is a daunting task, requiring countless hours for data collection, report creation, content confirmation, and report delivery. And with the tighter timeframes in which to file these reports, ensuring data accuracy is also a major concern." To request the white paper, click here.

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