Submission of Last Report AIFMs shall submit the last report of the AIF immediately after the AIF has been liquidated or put into liquidation. Fulfil all your AIFMD reporting requirements in one simple and streamlined process, so you can link easily to existing data sources with full Excel compatibility. Request a free trial at: https://www.matterhor. Furthermore, when an AIF is actively marketed into the EU, the disclosure rules within Article 22 and 23 will become applicable for the rst time for the Annual Report published after Financial stability . The template in Annex IV of the Commission Delegated Regulation 5 ("Commission's Template") must be used for reporting purposes. 1. Reference 2013/1359 Section Fund Management Type Reference Main document first reporting date was set at 1 January 2014, but this was later postponed to 31 March 2014. The document is available on ESMA's website and is called the Consolidated AIFMD Reporting Template. How- 1.7. The Report, which reflects stakeholder feedback, seeks to align regulation with commercial and legal reality. AIFMD XML SCHEMAS. One of the key drivers for the AIFMD 1 is to monitor systemic risk by, among other means, collecting relevant information through harmonized reporting by alternative investment fund managers ("AIFMs") on their alternative investment funds ("AIFs") managed or marketed in the EU. This includes static data, accounting data and risk measures). The Alternative Investment Fund Managers Directive (AIFMD) is the European Commission . a description of the proportions of the revenue generated by SFTs and total return swaps that is returned to the AIF, and of the costs and fees assigned to the AIFM or third parties (e.g. Depositary rules: Changes to the depositary rules, allowing a depositary to be appointed that is located in a Member State that is not the Member State in which the AIF is established, can be inferred from the recitals of AIFMD II. the three reporting templates (aifmd annex iv, form pf, and op template) are often compared to one another given the similar input data requirements and the nature of the aggregation and risk disclosure are similar. For example: an AIF/AIFM with the inception date 1 January 2020 and end date 1 January 2021 that is obliged to report annually must . Version The Commission's Template requires information on the AIFM . Reporting made simple. In light of the growing role of alternative investment funds (AIFs) as financial intermediaries and further developments in the market since the AIFMD came into force in 2011, the EU Commission has published a proposal for targeted amendments to the AIFMD that acknowledges the directive's role as a significant pillar of the capital markets union (CMU). Minimum Capital Requirement for AIFMs and UCITS Managers Reporting Template Reporting Guidance for Alternative Investment Fund Managers AIFMD Reporting Date Matrix The following table provides a summary of reporting requirements for AIFMs. Please note that reporting obligations may vary on a firm-by-firm basis. As NPPR registration under Article 42 triggers an Annex IV reporting requirement in the relevant EEA jurisdiction, it follows that a UK AIFM will have been submitting Annex IV reports direct to relevant EEA regulators since April 2021 (for quarterly filers), July 2021 (for semi-annual filers) and January 2022 . . while fine-tuning the AIFMD framework . Report published after the authorisation date, unless the AIFs can avail of the grandfathering provisions within the AIFMD 6. The challenging part is mapping the 300+ questions in the reporting templates back to the data that AIFMs hold. As with parts of the AIFMD, some of the content is subject to interpretation. The EU's AIFMD framework has major implications for managers marketing funds in the continent. If you manage an EU alternative investment fund, you're probably subject to the Alternative Investment Fund Managers Directive (AIFMD) - legislation designed to protect investors and improve transparency. The reporting requirements will be relevant to all managers marketing alternative investment funds ('AIFs') into the EU, including non-EU managers such as US managers marketing . On 30 November 2015, the Central Bank of Ireland (the "CBI") updated its Reporting Guidance for Alternative Investment Fund Managers ("AIFM") (the "Reporting Guidance"), which prescribes new reporting requirements applicable to non-EU master AIFs not marketed in the EU that have either EU or non-EU feeder alternative investment funds ("AIFs") marketed in the EU under Article 42 of AIFMD. the agent lender). 2013/1339 - Final Report, 15.11.13 (with particular reference to the helpful flowchart at page 47, page 19, paragraph V. on reporting periods (on a quarterly basis at the end of March, June, September and December) and page 20, paragraph VII. Affected fund managers are required to submit detailed . ESMA published its final guidelines on the reporting obligations for Alternative Investment Fund Managers (AIFMs) on 8 August 2014. In this regard, ESMA is empowered to develop draft RTS and to draft implementing technical standards (ITS) to replace the current supervisory reporting template as laid down in Annex IV of the AIFMD and supplemented by the AIFMR.With a view to better harmonisation, the UCITS Directive will be amended to introduce a periodic supervisory . As part of its review of the bloc's Capital Markets Union, the EU and the European Securities and Markets Authority (ESMA) have set out plans to update certain parts of the directive with new rules covering marketing, delegation, liquidity and reporting. The 1st of January 2021, Finanstilsynet introduced quarterly reporting for all AIFMs and all AIFs. The structure of the content of the XML schema files, which are described Customized Regulatory Reporting. In order to comply with the requirements of [ FUND 3.4.2R] and directions given by the FCA under regulation 21 (2) of the AIFM Regulations 2013. summary The Report proposes the following key changes to AIFMD . Alternative Investment Fund Managers Directive (AIFMD): The Alternative Investment Fund Managers Directive (AIFMD) is a European Union (EU) regulation that applies to hedge funds, private equity . As mentioned last week, the Financial Conduct Authority (FCA) have directly contacted regulated firms to notify them of changes to their AIFMD Annex IV AIF001 and AIF002 reporting templates "following the UK's withdrawal from the EU". Under Annex IV of AIFMD, all authorised and registered fund managers must report transparency information on their . Each EU regulator has a slightly different reporting format . Authorised AIF managers and non-EEA-based AIF managers with authorisation to market an alternative investment fund in Sweden in accordance with Chapter 5, section 10 of the Alternative Investment Funds Act shall use templates 24(1) and 24(2) for . These now apply to the current Q2 reporting period, with an initial RegData filing deadline set for 1 August 2022. In the case of a shift in the reporting frequency, an AIFM shall be subject to new reporting obligations as indicated in Appendix B hereunder. We will provide you with high-quality digital service, driving your customer experience to the next level. AIFMD reports must be filed quarterly, half-yearly or annually, depending on the value of Assets under Management. 5. Annex IV Reporting. ii. Select at least one liquidity management tool (LMT) from the list set out in a new Annex V to AIFMD II . on the comprehensive regulatory reporting required under AIFMD. The EU Commission published its proposal to reform the AIFMD - Alternative Investment Fund Managers Directive to AIFMD II. AIFMD - Annex IV Reporting & Depositary Solutions. IFIA AIFMD Regulatory Reporting Guide Key reporting considerations for AIFMs & Administrators regarding detailedAIF level reporting (detailed on slides 12 to 16) AIFM -Considerations Review reporting template and identify and discuss mandatory reporting fields and ownership of the data Calculate the expected annual investment through a side letter) and therefore are subject to disclosure to the investors in the AIF in . RTS are expected in connection with this change to update reporting templates and deal with associated issues. 3.3.1.1 AIFM report At the beginning of the AIFM report (XML), in the AIFMReportingInfo section, the following is reported: period when the information was created, home Member State (FI) of the receiving authority and the schema specification version used. The originally planned standard reporting form proved to be impractical and was supplemented by ESMA with a "Consolidated AIFMD Reporting Template" and an XML template for the standardised submission of AIFMD reports to the national supervisory iquant solutions offers a reporting bundle to cover all three requirements within the same technical setup for analytics and Liquidity risk management: The Commission has attempted to further harmonise the AIFMD liquidity management rules across the EU by introducing rules that require EU AIFMs that manage open-ended AIFs to: in exceptional circumstances, temporarily suspend the purchase or redemption of AIF units. AIFMD: Annex IV Reporting. Through the platform, we offer an end-to-end solution, ensuring process transparency, from data gathering to distribution of your reports. AIFMD reporting context and key issues Following the transposition of AIFMD by European Member States, AIFMs have reporting obligations regarding the AIFs they manage and operate. In addition, regarding to application of the AIFMD passport to the Singapore and Hong Kong, the Asian countries in the scope of its first the wave of assessment, ESMA advises the European Parliament, the Council and the The UK's FCA announces that new Annex IV reporting forms AIF001 and AIF002 will be in place in time for quarterly reports due in January 2018. Indeed, ESMA's opinion on debt fund regulation (as to which . 3. Create customized reports in multiple output formats with access to more than 900 measures and make use of pre-calculated results for greater speed or on-the-fly calculations for enhanced flexibility. Annex IV of the Regulation includes a reporting template that AIFMs have to use to comply with their reporting obligations. The last AIF report should be submitted by the AIFM, on procedure for first reporting) 2013/1359 - Consolidated AIFMD reporting template (revised), 15.11.13 Reported information will be shared with ESMA, the financial regulators of EEA member states and the European . AIFMD Annex IV Reporting. This is a helpful acknowledgmentmuch of the Annex IV template pertains to hedge funds and is in places duplicative. 5. , an AIFM shall provide the following information when reporting to the FCA. In this article we look at the major plot points of this much anticipated regulatory sequel. The AIFMD II proposals - which are expected to be ratified by the European Council and . AIFMD Report - The European Commission Gives Its View on the Success of the AIFMD and Potentially Hints at Future Changes to the AIFMD Regime. both small registered AIFMs and small authorised AIFMs are required to report annually with the reporting period ending 31 December in each calendar year;; depending upon the value of AIFs under management, full-scope AIFMs will need to report either quarterly, half-yearly or annually based upon . The contents and the format of the AIFMD reporting are heavily standardized by templates and instructions prepared by the European Securities and Markets Authority (ESMA). The two Annex IV report categories are: AIFM report: consolidated view of assets managed; AIF report: required for each fund (AIF) detailing assets held, exposure to risk and investor profile. Users can leverage an advanced toolset to intuitively map and define data, create golden copies of positions, and render accurate calculations. SUP 16.18.4 UK 01/01/2021 RP. The AIFM is required to determine its reporting obligation and that of its AIFs under management in accordance with Article 3(3) (d) and 24(1),(2) and (4) of the AIFMD. Spoiler alert: the sequel is more of a . EY's Regulatory Reporting platform enables innovative business perspectives. when complying with the provisions of Articles 3(3)(d) and 24(1), (2) and (4) of the AIFMD. This includes the following investment strategy and objectives, all fees and charges, the depositary and auditor details, prime broker details, legal details of the contract, etc. On 13 November 2017, the UK's Financial Conduct Authority (FCA) announced that it was updating forms AIF001 and AIF002 - the forms used by firms making reports to the FCA under Annex IV of the . Authorised AIFM (A1) Reporting Template; Individual Questionnaires (for each individual holding a notifiable position) In this briefing, we address the further guidance issued by the FCA on 29 September 2014. AIFMD data reporting templates for Gabriel. June 17, 2020 . AIFMD - Transparency and Reporting. AIFMD reporting deadline AIFMD reporting template (2013/1359)]. The prospectus or disclosure to investors shall also indicate if these are related parties to the AIFM. Kicking off in January 2019, that process has taken longer than expected, but with the European Commission's proposal publication on November 25, 2021, 2 at long last AIFMD II is finally here (see Figure 1). The European Securities and Markets Authority ('ESMA') has published a consultation paper on guidelines relating to reporting obligations under the Alternative Investment Fund Managers Directive ('AIFMD').. A reminder that the 31 December 2015 is a key reporting date for AIFMs:. Leverage your regulatory reporting data by delivering customized reports to additional stakeholders. AMfine has made its AIFMD reporting templates accessible via Fundsquare's e-file.lu platform, considered to be the reference for transmission of fund regulatory reports. On 16 May 2022, the European Parliament issued its draft report ("Report") on the European Commission's ("EC") proposals to amend the existing Alternative Investment Fund Managers Directive ("AIFMD"). Reporting Requirements for AIFM The first reporting dates will depend on these reporting obligations and are set out here . Links to them, and to the two new AIFMD reporting templates, are provided below. Our close relationship with regulators and cloud-based technology means the most up-to-date templates and validations are always available and quickly within reach. ESMA will develop a new RTS reflecting changes in the Annex IV reporting template that will require an AIFM to report concerning all instruments, markets, and exposures. Our comprehensive AIFMD service supports clients in all aspects of negotiating the new EU regulatory landscape. The reporting template set out in Annex IV of Regulation 231/2013 implementing the AIFMD (the Regulation) provides for an extensive set of information to be reported by AIFMs to their NCAs. See ESMA's final guidelines on the reporting obligations for AIFMs (PDF). In order to be able to assess and process the information, ESMA and accordingly the German regulator BaFin require a submission of the data in machine readable XML format. Reporting Member state [1..1] Country code standard ISO-3166-1 of the Member State to which the AIFM reports the AIFMD reporting. This is required regardless of where in the world firms or their funds are based. The guidelines were accompanied by a new consolidated reporting template and detailed The deadline for the first filing of the AIFMD Annex IV report is a mere 30 days after the end of the first reporting period, once the AIFM has been authorised (although funds of funds have been given . the AIFMD in some member States, the ESMA considers that another opinion on the functioning of the NPPRs is needed. Points to note in respect of UK AIFMs (numbers in brackets refer to relevant paragraph of FCA information document): Two reports must be used to provide the required information. Firms marketing their funds into, or managing funds from, the European Economic Area (EEA) are required to complete transparency reporting, often referred to as Annex IV reporting. In our last client briefing on Alternative Investment Fund Managers (AIFM) reporting, we covered who needs to report and how often based upon the type of assets held and the total value of assets under management (AUM). Langham Hall will help you understand these reporting requirements and how they apply to you. Table 1: Reporting Templates Licence Type Annex IV AIFMD Return AIFM-Specific Annex V Return reporting file AIF-Specific reporting file Self-Managed Professional Investor Funds Annex I of Appendix I to Part . The reporting templates were defined by the European Securities and Markets Authority ("ESMA") under the articles 24 (1), 24 (2), 24 (4) and 3 (3) (d) of the Directive. Reporting to the FCA. Articles 3 and 24 of the AIFMD provides details on the reporting obligations to national competent authorities. AIFMD Solutions AIFMD solutions ease the compliance burden of AIFMs and ensure that all aspects of the AIFMD reporting regime are met. 5. Managers are then required to transform and enrich this data before it is fed into reports. The regulatory reporting obligations are one of the key remaining operational parts of the AIFMD which the industry will need to understand and get to grips with quickly - both the timelines for . You can access the template reports here. a) macroprudential tools (p41) b) supervisory reporting requirements (p. 46 - 67) c) leverage (p67) Over a quarter of the EC document is devoted to improvements of the supervisory reporting template provided in the AIFMD regulation (level 2) aka Annex IV reporting.The chapter also outlines potential for more centralised supervisory reporting and improved information . ESMA's The reporting obligations will apply to all AIFMs in respect of both EU managed AIFs and also to any non-EU AIFs that are marketed within the EU. 5. The legal obligation to submit AIFMD reports applies from the first quarter following the inception date of the relevant AIF/AIFM and lasts through to the final reporting period in which the AIF/AIFM operates. This will require AIFMs to report on a wide variety of areas, including investment profile, portfolio concentrations, and the risk profile of their alternative investment funds (AIFs). The guidelines and opinion are accompanied by the publication of the AIFMD reporting XSD schema and sample XML files that AIFMs will have to use to report the information under Articles 3 and 24 to NCAs. Successfully produce XML's for AIFMD reporting in multiple jurisdictions with our Annex IV reporting template. The European Securities and Markets Authority (ESMA) published its long-awaited final report (the Report) on 1 October 2013, setting out detailed guidelines relating to (i) the reporting obligations under Articles 3(3)(d) and 24(1), (2) and (4) of the Alternative Investment Fund Managers Directive (AIFMD) and (ii) how certain parts of the European Commission's AIFMD regulatory reporting . a) As at the reporting date, what percentage of the AIFs NAV is subject to the following arrangements : Special arrangements as a % of NAV c) Are there any investors who obtain preferential treatment or the right to preferential treatment (e.g. The report template in Appendix IV includes 41 very detailed questions and 340 data fields, i.e. Introduction. Annex IV of the Regulation includes a reporting template that AIFMs have to use to comply with their reporting obligations. [AIFMD reporting IT technical guidance(2013/1358)]. The Alternative Investment Fund Managers Directive . The Alternative Investment Fund Managers Directive 2011/61/EU ("AIFMD") was transposed in Gibraltar legislation via the Financial Services (Alternative Investment Fund Managers) Regulations 2013. . Working with the world's largest consultancies and trusted by FTSE 100 fund managers, ARKK supports over 200 clients with their AIFMD filings every year. 4. The RTS specifies the details of the form and content of the information to be disclosed, including through the use of reporting templates to be attached as an annexe to the private placement memoranda or in the AIFMD-related fund disclosures. . In addition, many questions will not be applicable for managers without listed assets and not all questions are mandatory. ESMA, the pan-European regulator, has published two versions of the reporting template, v1.1 and v1.2 of XML files (the "AIFMD consolidated reporting template"). Further details on the AIFM and AIF Annex IV reporting requirements and the frequency of reporting can be Know more about AIFMD II proposal. As non-EU AIFMs/AIFs will be marketed until at . AIFMs need to submit transparency reports using Gabriel using a Product Reference Number (PRN). The AIFMD Annex IV transparency reporting is required on an annual, half yearly or quarterly basis depending on a number of factors including the assets under management (AuM), the degree of leverage, the type of assets held and whether the AIFM is registered or authorised. The solution automates and organizes the AIFMD filing process for investment advisors with a flexible user interface and prebuilt templates based on the Annex IV reporting template of AIFMD. These requirements involve preparation and filing of regulatory reporting in a pre-defined XML format, whether the information is simple or complex to be pulled together. The CSSF draws attention to the publications dated 28 May 2021 concerning new ESMA Q&As and an updated Opinion "Collection of information for the effective monitoring of systemic risk under Article24(5), first subparagraph, of the AIFMD", in order to provide clarifications on the risk measures included in the AIFMD reporting (data fields 138 to 147 of the AIFMD reporting template). Should the AIFM's or the AIF's assets indicate a less frequent periodic reporting, according to the AIFMD, the reporting requirement is met by filling a simple reporting form, specifying Total Assets under Management and confirming any use of gearing. FILE A COMPLAINT Frauds and Scams WARNING AND PUBLICATIONS FOR INVESTORS Home > Consolidated AIFMD reporting template (revised) Consolidated AIFMD reporting template (revised) Questions regarding technical support should be sent to info.it.aifmd [at]esma.europa.eu. AIF - An AIFM must publish an annual, quarterly or monthly reports (depending on their size) for each AIF, for each market. AIFMD reporting solution Simple, reliable Annex IV XML software - convert your templates via ARKK's secure cloud platform today. 7. The Annex IV reporting template consists of 41 highly detailed questions with 340 data fields Pre-Contractual Disclosures for Article 8 Funds Article 110 of the AIFMD level 2 regulation. 10) sup 16.18 (aifmd reporting) and fund 3.4 (reporting obligations to the fca) identify the transparency information to be reported to the fca as follows: a) full-scope uk aifms, small authorised uk aifms and small registered uk aifms must report the information required by the "reporting to competent authorities" table set out at sup Article 42 and Annex IV Reporting. On 8 August 2014, the European Securities and Markets Authority (ESMA) published the Guidelines on reporting obligations under Articles 3 (3) (d) and 24 (1), (2) and (4) of the AIFMD. 38 fields are manager-specific and 302 fields are AIF-specific.

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