Maples Fund Services Fulfils AIFMD Annex IV Reporting Requirements
11 Feb 2015
AIFMD requires European and certain non-European alternative investment fund managers ("AIFMs") as well as non-EU alternative investment funds ("AIFs") marketing through national private placement regimes to submit highly detailed Annex IV reports to regulators as part of the industry’s on-going efforts to monitor systematic risk.
"We are pleased that our clients have entrusted us to assist with the diverse and complex challenges that AIFMD presents, and are proud that Maples Fund Services’ combination of highly-skilled professionals and technology infrastructure allows our EU and non-EU AIFM clients to fulfil their reporting obligations," said Scott Somerville, MaplesFS Chief Executive Officer.
Annex IV has been cited as one of the biggest regulatory challenges for impacted AIFMs. The regulation encompasses a wide range of reporting requirements with very specific calculations, including assets under management, liquidity profiles, breakdown of investments by type, geography and currency, concentrations, market and liquidity risk, borrowing and exposure risk, stress test results and leverage.
"AIFMD presents substantial operational challenges to AIFMs that can only be met by a significant allocation of resources and expertise," explained Tyler Kim, Maples Fund Services Chief Information Officer. "Our solution streamlines the completion of reports across multiple securities, funds, strategies and administrators, allowing managers to focus on their core competencies while ensuring that all aspects of the reporting process are handled by Maples Fund Services’ specialists."
Maples Fund Services’ complete AIFMD Annex IV reporting solution is part of a suite of regulatory and compliance services, which includes Form PF, Form CPO-PQR, OPERA and FATCA reporting requirements. The Maples group also provides a full-service solution to AIFs affected by AIFMD by way of MPMF Fund Management (Ireland) Limited ("MPMF"), a Central Bank of Ireland authorised Irish-based AIFM. MPMF provides comprehensive, independent management oversight and regulatory reporting services to AIFs either via a fully hosted AIFM or using a delegation model. Both models provide local management and fulfilment of all regulatory requirements, allowing managers to focus on investment management and marketing.
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