Subscribe to our newsletter

Stay up to date with acarda RegTech News

  • *Please complete all fields marked with an asterisk.

acarda Platform Demo

acarda platform

See the acarda Platform in action

We can demonstrate what the acarda platform can do using real-life scenarios in your company. If you are interested in this, let us know using this email for If you are interested in this, let us know using this email form:

  • *Please complete all fields marked with an asterisk.
 

ESMA calls for improvement of data quality in AIFMD reporting.

On 8 April the European Securities and Markets Authority (ESMA) published the annual statistical report on EU Alternative investment funds. In the report, ESMA calls for improvement of the data quality in the Annex IV reporting. In addition, the reports calls for the follow-up of the improvement of the Alternative Investment Fund Managers Directive (AIFMD) by the European Commission, which was initiated in August 2020.

The three following aspects were highlighted in particular:

  1. The mandatory reporting of legal entity identifier (LEI) codes for AIFMs and AIFs.
  2. All AIFMs to be included in the ESMA public register instead of just the authorized AIFMs.
  3. AIFMs to provide more granular information on the composition of the assets on ISIN level as well as the liabilities.

Since 2019, ESMA and national competence authorities (NCAs) carried out data quality improvement process. AIFMs have been urged to improve the data quality in their reports or provide explanations if the quality requirements are not met. In 2020 some NCAs even implemented the data quality assurance into their automatic validation rules and reject reports that failed the validation checks.

In the annual statistical report, ESMA disclosed the focus of the data quality test as the following:

  • Completeness: provision of LEI on AIFs and AIFMs;
  • Timeline: time expectation for accessibility and availability of information
  • Accuracy: e.g. plausibility check on AuM, NAV and the leverage metircs
  • Consistency: e.g. values of main instruments is consistent to other information of the fund (e.g. Reported liquidity)

The acarda AIFMD reporting platform automatically checks your data and helps you identify quality gaps at an early stage. With our flexible business rule engine, we can quickly implement new requirements and adapt the rules to your specific needs.

Press contact
Jessica Schreiner
Phone:+49 15 25 47 62 361
Email: jessica.schreiner@acarda.de

More news…

acarda becomes “Capmatix Regulations”

acarda wird zu „Capmatix Regulations“. Following integration into the LPA Group product portfolio.

More

SFDR: Level 2 implementation postponed to 1 January 2023

As expected, the European Commission recently announced that the Regulatory Technical Standards (RTS) for the Sustainable Finance Disclosure Regulation (SFDR) will not come into effect until 1 January 2023.

More

New deadlines for UCITS/PRIIPs transition

In a plenary session on 23 November, the European Parliament extended the transitory period for the use of PRIIPs KIDs,
giving asset managers until 1 January 2023 to comply with the new requirements.

More

acarda becomes “Capmatix Regulations”

acarda wird zu „Capmatix Regulations“. Following integration into the LPA Group product portfolio.

More

SFDR: Level 2 implementation postponed to 1 January 2023

As expected, the European Commission recently announced that the Regulatory Technical Standards (RTS) for the Sustainable Finance Disclosure Regulation (SFDR) will not come into effect until 1 January 2023.

More

New deadlines for UCITS/PRIIPs transition

In a plenary session on 23 November, the European Parliament extended the transitory period for the use of PRIIPs KIDs,
giving asset managers until 1 January 2023 to comply with the new requirements.

More

PRIIPs KIDs: New reporting challenges for asset managers.

The PRIIPs regulation, which has been in force since January 2018, aims to make “packaged” investment instruments and capital-forming insurance products more comparable and understandable for investors.

More

VAG 2.0 template: new reporting requirements for insurance companies and pension funds from December 31.

On July 28, 2021, BaFin announced the updated collective rulings on reporting requirements for insurance companies and pension funds.

More

Lucht Probst Associates GmbH

Große Gallusstraße 9
60311 Frankfurt am Main
Germany

Luxembourg

68, Avenue de la Liberté
L-1930 Luxembourg

London

c/o LPA
7 Westferry Circus
Canary Wharf
London E14 4HD
United Kingdom

© 2022 acarda GmbH | Alle Rechte vorbehalten | All rights reserved
text