Alternative Investment Fund Managers (AIFMs) are spending valuable time collating considerable amounts of data from multiple sources as they get their first Annex IV submissions ready on time. Fund Administrators are relieving this burden by delivering the data to managers consistently and accurately.

AIFMs are in a race to meet the Annex IV reporting requirements of the Alternative Investment Fund Managers Directive (AIFMD). These complex, forensic filings must be submitted on time and be accurate and consistent. As a result, AIFMs are spending a substantial amount of time sorting and collating the relevant data instead of focussing on their core skillsets.

“The complexity of Annex IV reporting is causing considerable headaches for Fund Managers given the high number of data points,” says Ronan Daly, Founding Partner of Centaur Fund Services. “When dealing with Annex IV, consistency is vital for Fund Managers. Their Annex IV data must be consistent with other regulatory reports. This will become especially important in the future, as European regulators take a more co-ordinated approach towards regulation.”

 “Fund Managers are liable for any problems that may occur with reporting requirements to their regulator, so it is important that they can stand over the quality and integrity of their data and ensure consistency under all reporting regimes. As a result, we find that managers are retaining control of their Annex IV Reporting. All this adds to the already considerable reporting burden facing AIFMs,” says Ronan.

Ronan adds, “Centaur’s flexible open architecture allows us to extract data to be provided to Fund Managers directly or to their software and risk vendors. As experts in regulatory services, we assist AIFMs with their reporting needs and are at hand to advise them through Annex IV reporting requirements, along with all other aspects of AIFMD.”