What is AIFMD reporting?

The purpose of AIFMD reporting is to effectively monitor and prevent systemic risk and market disruptions. The reporting obligation applies to registered and authorised AIFMs, and to those AIFMs that are established in a third country (non-EEA country), which market in Finland the AIFs they manage.

What is Annex 4 reporting?

Under Annex IV of AIFMD, all authorised and registered fund managers must report transparency information on their funds to local regulators for each country they market in. But this isn’t a simple process – reporting requirements differ for each jurisdiction and the nature of the fund.

What qualifies as an AIF?

Basic Definition Under AIFMD, an alternative investment fund or “AIF” is: Both open-ended and closed-ended vehicles and listed and un-listed vehicles can be AIFs for the purposes of AIFMD.

Is an AIF a collective investment undertaking?

Similarly, an ‘undertaking for collective investment in transferable securities’ or ‘UCITS’ is similar to an AIF in that it is a collective investment vehicle. In contrast, an AIF will generally be defined as those funds that do not satisfy the criteria for regulation as UCITS.

Who is subject to AIFMD?

The AIFMD was implemented in the EU in 2013. But rather than pass regulation on the funds themselves, the directive’s aim is to regulate the fund managers. Any manager that operates a fund in the EU is subject to AIFMD regulation, regardless of whether it is set up within or outside the union’s borders.

What is a full scope AIFM?

A full-scope UK AIFM is a UK AIFM which is authorised in accordance with the UK AIFM regime and, therefore, subject to its full requirements.

What is Marpol Annex IV?

Annex IV of MARPOL Annex IV contains a set of regulations regarding the discharge of sewage into the sea from ships, including regulations regarding the ships’ equipment and systems for the control of sewage discharge, the provision of port reception facilities for sewage, and requirements for survey and certification.

Can a fund of one be an AIF?

No. An undertaking that has no external manager and is managed by its own governing body may be an AIF. Question 2.6: Is the definition restricted to funds that invest in certain kinds of asset?

Who can invest in an AIF?

Eligibility Criteria. Investors can be Indian, NRI or foreign nationals. Minimum corpus should be Rs20cr for each scheme and Rs10cr for Angel Funds. Minimum investment by each investor should be Rs1cr or Rs25 lakh (in case of employees/director/fund manager of AIF).

Can a Sicav be an AIF?

What else should I know? SIFs and SICARs are AIFs and either need to appoint an alternative investment fund manager (AIFM) or can be self-managed internally.

Who falls under AIFMD?

An AIFM is defined as an entity that provides, at a minimum, portfolio management and risk management services to one or more AIFs as its regular business irrespective of where the AIFs are located or what legal form the AIFM takes.

Who is required to report to the AIFMD?

The reporting obligation applies to registered and authorised AIFMs, and to those AIFMs that are established in a third country (non-EEA country), which market in Finland the AIFs they manage. AIFMD reporting comprises the following areas:

When does the AIFM have to report to the FCA?

The AIFM determines that it is required to report on a quarterly basis with reporting period end dates 31 March, 30 June, 30 September and 31 December. In this case the AIFM must: (i) Submit a Nil return for its AIF001 and AIF002 reports for the quarterly reporting period ending 30 June.

When do AIFMs have to report to Esma?

AIFMs subject to half-yearly reporting obligations will report twice a year as of the last business day of June and December and AIFMs reporting on a quarterly basis as of the last business day of March, June, September and De- cember. 9.

How often should AIFMs report to national competent authorities?

AIFMs should report information under Articles 3 and 24 to their national competent authorities only once per reporting period covering all the reporting period. For example, AIFMs subject to half-yearly reporting obligations should only provide one report to their NCAs for each half -year period.