UK-based compliance specialist Cordium is partnering with New York-based technology provider Indus Valley Partners (IVP) to offer a solution for the Alternative Investment Fund Managers Directive’s (AIFMD) Annex IV reporting requirements.
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 authorization.
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, which also supports Form PF, automates Annex IV regulatory filings and combines with support from Cordium and IVP consultants.
"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 minimize the impact on company resources and ensure compliance."
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