PwC comments on SEC's investment company reporting modernization proposal

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Comment letter , PwC US Aug 07, 2015

PwC supports the SEC's proposal to enhance the reporting requirements for investment companies and advisors.


As part of its prominent regulatory role, the SEC took a major step on May 20, 2015 in enhancing data reporting requirements for investment advisers and funds through its proposed rule release, “Investment Company Reporting Modernization.”

The SEC’s proposed rule constitutes its most significant change to the reporting regime for registered investment companies in at least a decade. The goal of the proposed rule, among others, is to provide for more extensive disclosure in financial statements of investment practices that have emerged since the last update to the SEC’s financial reporting rules for investment companies, particularly related to derivatives and certain aspects of securities lending.

PwC supports the Commission's objectives to modernize and enhance the reporting and disclosure of information by registered investment companies and investment advisors. We believe that the proposed rule will generally provide investors with greater access to information relating to their investments and investment advisors but have also suggested certain changes to the rules as proposed to enhance their effectiveness and reduce costs of compliance.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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