The SEC requirement has an impact on all hedge, private equity, liquidity and other private funds and requires the registered investment advisers to maintain records and file reports.
The service is for investor protection or for the assessment of systemic risk to the US Financial System by the Financial Stability Oversight Council (FSOC).
The Form PF reporting capabilities are part of SSC suite of regulatory reporting services and will include offerings for fund-level information for funds administered at the company, full form preparation including external third party data aggregation.
The customers can also opt for direct form submission to the SEC by State Street on their behalf.
As of 30 September 2011, SSC had more than $793bn in alternative assets under administration.
