Cordium, a provider of compliance consulting, accounting, tax and software, is partnering with financial services technology specialist Indus Valley Partners (IVP) to help clients meet the Alternative Investment Fund Managers Directive’s (AIFMD) stringent Annex IV reporting requirements.
The solution already fully covers Form PF reporting.
The reporting solution enables investment managers to meet their global regulatory reporting needs from a purpose-built cloud platform and fully supports Annex IV reporting under AIFMD, as well as Form PF.
Alternative investment fund managers (AIFMs) that manage or market an AIF into the European Union or EEA will be obliged to file regular Annex IV reports to the relevant regulatory authority. This obligation is effective following the first full quarter of the AIFM authorisation.
Annex IV reporting is based on a complex classification system whereby the frequency of the report is determined by type of investment and the quantum of assets under management. The IVP solution fully automates Annex IV regulatory filings and combined with support from Cordium and IVP consultants will allow AIFMs to meet their Annex IV obligations in full, seamlessly without creating unnecessary manual workloads.
“Complying with global reporting obligations such as Annex IV and Form PF is no trivial undertaking and requires a good deal of planning and preparation,” says Michel van Leeuwen, CEO of Cordium. “Furthermore, Annex IV represents a far more onerous level of reporting than many soon-to-be AIFMs are used to. Automation will be crucial to minimise the impact on company resources and ensure compliance. The IVP platform allows us to deliver our clients and prospects an effective and competitively-priced solution to this challenge. With our help, AIFMs can traverse the minefield of AIFMD reporting safe in the knowledge that they are meeting regulators’ requirements for transparency.”
“This solution is powered by IVP’s RAPTOR and is already reporting USD375bn regulatory AUM for its clients across the globe, helping them effectively manage their global regulatory reporting requirements,” says Gurvinder Singh, co-founder and CEO of IVP. “Partnering with Cordium allows us to extend our joint expertise to AIFM as the first Annex IV reporting deadline approaches. We understand the regulatory scrutiny the industry is facing and will continue to expand RAPTOR as the global regulatory landscape evolves for asset managers.”