AIFMD Reporting
The Alternative Investment Fund Managers Directive (AIFMD) reporting regime requires alternative fund managers (AIFMs) managing or marketing alternative investment funds (AIFs) in the EU to report specific data on their funds to competent authorities.
AIFMD Overview
AIFMD lays down the rules for the authorisation, ongoing operation and transparency of the managers of alternative investment funds which manage and/or market alternative investment funds in the European Union. It aims to enhance investor protection, improve transparency, and mitigate systemic risks by imposing strict requirements on fund managers, including: authorisation, capital requirements, risk management, liquidity management, and reporting obligations.
Article 24 of AIFMD requires AIFMs to report detailed information to competent authorities, including information in relation to principal markets on which an AIFM trades, instruments traded, principal exposures, important concentrations, illiquid assets, special arrangements, risk profiles, risk management systems, stress testing results, a list of all AIFs managed, leverage in the AIFs, and sources of leverage.
Data Quality
The AIFMD Data Quality Engagement Framework (DQEF) is composed of:
- a non-Technical Document, outlining the process and tasks allocation between ESMA and the NCAs, and
- a Technical Document that includes the data quality tests carried out and the timelines of execution.
Databases and Registers
Databases and Registers information is specified on the Databases and registers webpage