ESMA Issues Final Guidelines on AIFMD Reporting
Time to prepare
The European Securities and Markets Authority (ESMA) issued its final guidelines on the comprehensive regulatory reporting required under AIFMD. This will require alternative investment fund managers to report on a wide variety of areas, including investment profile, portfolio concentrations and the risk profile of their alternative investment funds. The guidelines were accompanied by a new consolidated reporting template and detailed technical guidance. ESMA also issued an ‘opinion’ on the collection of additional information for effective monitoring of systemic risk. It includes a request to gather value-at-risk reporting on alternative investment funds, among other additional measures.
This briefing provides a summary of the key changes in comparison with the draft guidelines and implications for alternative investment fund managers to consider as they finalize their preparations for AIFMD reporting.