Compliance reporting

AIFMD / Annex IV

The Alternative Investment Fund Manager Directive (AIFMD) is an EU directive that regulates the management of alternative investment funds. The reporting obligations laid out in Annex IV apply both to EU and non-EU alternative investment funds.

The regulation defines “alternative” investment funds as those that are not already subject to the UCITS Directive. These include hedge funds, private equity funds, real estate funds and all investment funds for institutional investors. The Directive also defines new requirements for companies that act as depositories for alternative investment funds.

what this means for your reporting

The scope of the AIFMD is broad; it applies to management, administration and marketing departments of alternative investment funds. The Directive requires the stock of all portfolios to be reported in detail. The stock, key risk figures and other fund details must also be disclosed for each individual alternative investment fund.

The reports must be submitted to the national supervisory authority of the country in which the fund is registered on an annual, biannual or quarterly basis. Since almost every regulatory authority uses its own platform for electronic data transmission, fund management can be subject to very high additional costs.

Asset managers and management companies in the UK are required to send their AIFMD reports to every country in which their funds are sold. Because of Brexit, European regulators no longer carry out this task for them.

our solution: arep AIFMD

Our solution, the platform, can perform all components of your AIFMD reporting obligations:

comprehensive advice

data management

adapter for fund administrators and other data providers
Data management and report generation are highly automated in order to reduce your costs in the long term
the whole workflow is documented, from data preparation and report creation to submission to supervisory authorities
information pool for master data, inventories, transactions and historicisation
test routines for data quality and deadline monitoring of reporting dates

monitoring using a web-based dashboard: by the customer or as a managed service

monitoring of processes and of internal and external data sources (audit trail)
highest level of transparency: permanent access to the current reporting status, including error feedback in the process
comparison of current and past reports, including history
access to authorities’ feedback

report generation and validation

Classification of inventories and transactions, e.g. according to asset class or geographical region
aggregation of funds on the AIFM level
optional calculation of the leverage values and the AUM per investment
creation of reports in line with the AIFMD
various report formats: PDF, XLS and XML
client approval of reports before submission

automated submission

Submission via the relevant portals in the format required
Automated submission integrated into the dashboard, provided this is possible from the side of the authorities
feedback and corrections provided if mistakes have been identified from the side of the authorities
Data archived for three to five years

what’s special about the arep solution

Using a single integrated platform for data management, to calculate risks and costs and to create and distribute reports increases the efficiency of all processes.
The modular arep system can be used immediately. It is hosted in our certified Luxembourg datacentre and, thanks to its browser-based user interface and underlying Oracle database, no additional IT infrastructure is required.
Throughout the reporting process you will have access to extensive support and consulting services.
Rapid implementation and a comprehensive support service ensure all regulatory and client-specific requirements are met on time.
Highly automated data management and report creation reduce the time and money you have to invest.
The web-based arep dashboard guarantees full transparency over the entire reporting process.
By choosing our optional Business Service you could outsource the entire process to acarda.
Service Level Agreement: How our Software as a Service works can be configured according to your needs. You pay only for the service you use and on the basis of a contractual agreement.