All UK Alternative Investment Fund Managers (AIFMs) are required to submit their Annex IV transparency report to the Financial Conduct Authority (FCA) by 31st October 2019 for quarterly reporting and 31st January 2020 for all annual reporting.
Annex IV reporting is a part of the Alternative Investment Fund Managers Directive (AIFMD), affecting both AIFMs and Alternative Investment Funds (AIFs).
This highly detailed report must be submitted to the FCA and relevant national competent authorities, as part of their ongoing efforts to monitor risk.
The two Annex IV report categories are:
- AIFM report: consolidated view of assets managed;
- AIF report: required for each fund (AIF) detailing assets held, exposure to risk and investor profile.
Meeting the reporting requirements of Annex IV is one of the biggest challenges facing those affected by the regulation. The report requirements are complex and depend on your structure and assets under management, but could include detailed information regarding investment strategies, mark to market values, exposures, portfolio concentration, total value of assets under management and the tools in which investments are made.
All UK AIFMs and non-EEA AIFM marketing in the UK must submit their annual Annex IV transparency report to the FCA by 31st January 2020 – The report must be received by the FCA as soon as possible but not later than 1 month after the end of the reporting period.
The reporting of Annex IV transparency information is required by the regulators on an annual, half-yearly or quarterly basis.
a) AIFMs that are required to report annually, on 31 December each calendar year.
b) AIFMs that are required to report half-yearly, on 30 June and 31 December in each calendar year.
c) AIFMs that are required to report quarterly, on 31 March, 30 June, 30 September and 31 December in each calendar year.
Small non-EEA AIFM marketing in the UK must report annually and its reporting period must end on 31 December in each calendar year.
Non-EU AIFMS, or EU AIFMs marketing into additional EU jurisdictions will also have to file Annex IV reports with national competent authorities.
If you need some extra help to ensure you meet the deadline and the complex report requirements, the Danos Group can provide you with the best-skilled professionals.
As a leading supplier of compliance and risk personnel to the financial services industry globally, we are extremely well-placed to find you the best permanent and interim candidates. We use our experience and market knowledge to help you land the best people for your roles.
If you would like to find out more or would like our support or advice on permanent and interim resource solutions, please do get in touch.
Associate Partner, Compliance – Permanent Roles
Tel: +44 (0) 20 3889 5756
Associate Partner, Head of Danos Consulting – Interim Roles
Tel: + 44 (0) 207 010 1153