NRS’ Blue Sky Solution™ Transaction Exemption solution restores transparency to omnibus accounts returning control of blue sky reporting back to the fund. This solution reduces costs through apportionment of appropriate fees allowing for tighter blue sky reporting controls resulting in preservation of shareholder value and improved expense management.
The system identifies transactions that are eligible for exemption from Blue Sky reporting, while categorizing and reporting all required transactions that represent the reportable Blue Sky sales. Direct reporting identifies exemptions that would otherwise be lost through omnibus reporting.