Tim Thornton, managing director, global client delivery, Mitsubishi UFJ Fund Services, comments on news that the FCA is now ready to receive Annex IV reports for the AIFMD…
It is good to see the reporting mechanisms and processes for Annex IV reporting being finalised and rolled out. A big concern for managers has been that rules and implementation are incomplete or behind schedule, so this update should at least allow managers who report to the UK regulators to finalise their reporting solution and data mapping.
When looking at the Annex IV reporting requirements, it is important that managers consider carefully the sources of data (administrator systems, manager systems), who is responsible for each of the Annex IV questions and plan early to ensure that their reporting solution is able to enhance, transform and load such data into the correct reporting format to avoid as much manual work as possible
