Broadridge Develops Technology-Enabled Tailored Shareholder Reports Template for New SEC Rules

To better help companies comply with the SEC's Tailored Shareholder Reports rule, global Fintech leader, Broadridge Financial Solutions, Inc. has developed a new, technology-enabled template and end-to-end process solution for fund companies and fund administrators. This new digital template greatly simplifies the steps involved in creating and providing the SEC's new Tailored Shareholder Reports. The end-to-end solution for funds and fund administrators offers iXBRL tagging, SEC-compliant layered web hosting, and comprehensive SEC filings, along with a personalized communication experience for fund investors that efficiently combines and delivers Tailored Reports just for the funds and share classes they hold within their accounts. The technology-backed template, with its report composition component, will automate a multi-step process, resulting in new efficiencies for complying with the SEC rule. The rule requires mutual funds and ETFs to provide concise, user-friendly reports to investors beginning July 24, 2024 for each share class of every fund. For fund companies, with large numbers of funds and share classes, this involves creating thousands of individual reports.