Predicted to enable protein serine/threonine phosphatase activity. Predicted to be involved in several processes, including positive regulation of triglyceride biosynthetic process; protein dephosphorylation; and protein localization to nucleus. Predicted to act upstream of or within gamete generation; mesoderm development; and positive regulation of canonical Wnt signaling pathway. Predicted to be located in endoplasmic reticulum membrane; lipid droplet; and nuclear membrane. Predicted to be part of Nem1-Spo7 phosphatase complex. Orthologous to human CTDNEP1 (CTD nuclear envelope phosphatase 1). [provided by Alliance of Genome Resources, Apr 2022]