Under AIFMD, alternative investment fund managers (AIFMs) looking to market their funds within the EU, Switzerland, and EFTA countries need to obtain and maintain an “EU Passport”.
As such, the AIFMs are required to register themselves and their managed funds and submit ongoing reports in order to comply with the directives to their local regulators.
In light of the reporting challenges, SIX Financial Information is providing the AIFMD relevant fund managers and funds data via its flagship reference data feed, VDF. SIX’s securities data enables AIFMs to calculate the correct asset values for the registration and reports to the supervisory authority.
The data service also includes the registered AIFs and their managers, which is obtained directly from the European Securities and Markets Authority (ESMA) and the local supervisory authorities of EU member states. Thus, investment consultants and financial advisors can quickly and clearly see which AIFMs are permitted to market their AIFs within the EU. This will support their compliance with the “Investor Protection” regulatory requirements – based on MiFID.
“The compliance effort is not to be underestimated, and given our expertise in regulatory reference data, we aim to support the fund sector in growing their business and marketing their funds in a compliant way,” says Phillip Lynch, Head Markets, Products and Strategy, SIX Financial Information.
All of SIX’s data is cross-referenced with many other local and international institutional identifiers – including the Legal Entity Identifier (LEI) – easing the identification and reporting for a wide variety of regulations and directives such as MiFID, FATCA, Solvency II and many more.
