Form N-PORT is an SEC filing that requires registered investment companies (RICs) to submit details of their portfolio holdings on a quarterly basis, along with monthly breakdowns. Form N-CEN, however is an annual SEC filing that requires RICs to report census-type information about their related counterparties such as brokers, transfer agents, pricing agents and directors. These two filings combine to make up the mandatory SEC reporting requirements of US-based RICs.
Together, SEC Form N-PORT and SEC Form N-CEN make up the core SEC reporting requirements for US-based RICs.
What is an N-CEN Filing?
An N-CEN filing is a mandatory annual report submitted to the SEC by registered investment companies. It provides a comprehensive snapshot of a fund’s structure, operations, and service providers. By requiring this information, the SEC ensures transparency and consistency across the investment management industry.
How often is Form N-CEN filed?
Form N-CEN is filed once per year, typically within 75 days after the end of the fund’s fiscal year. This form provides the SEC with important census-type information about the fund, such as its operations, service providers, and regulatory status.
What is N-PORT Reporting?
N-PORT reporting is designed to provide regulators with more frequent and detailed insight into a fund’s portfolio holdings and risk exposure. Funds must file Form N-PORT every quarter, although they maintain monthly data to comply with the reporting cycle. This allows the SEC to monitor market trends and potential risks across the asset management landscape more effectively.
Simplifying SEC N-PORT and N-CEN Filings with IVP Regulatory Reporting Solution
IVP’s global team of experts has deconstructed the regulatory requirements for all RICs and developed a fully functional, end-to-end solution to support clients with their SEC filings. Backed by over 11 years working with hedge funds, private equity firms, and RICs on their regulatory reporting requirements, IVP’s Regulatory Reporting Solution has a user-friendly interface with a streamlined process to easily generate final outputs that are ready to be submitted to the SEC.
The process starts by loading data from the warehouse/admin and, from there, the solution automatically generates a populated PDF and XML. This perfect combination of automation and transparency provides clients with multiple opportunities to review, verify, and amend data wherever needed while helping them save a considerable amount of time and effort.
For more information on how firms can achieve automated N-PORT and N-CEN reporting, visit the IVP Regulatory Reporting Solution page or contact sales@ivp.in.
