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BNY Mellon launches AIFMD reporting service
10 December 2013
New facility aimed at helping fund managers cope with reporting requirements
BNY Mellon has launched a service to help fund managers meet
"extensive" reporting requirements of the Alternative
Investment Fund Managers (AIFM) directive.
The directive requires managers to file special formatted
reports with their home member state's supervisory authority or
National Competent Authority.
"Alternative investment fund managers are increasingly
challenged by the growing global regulatory reporting demands
of AIFMD," said Alan Flanagan, BNY Mellon's global head of
product management for alternative investment services. "Our
seamless solution will provide them with a signature ready
report for their approval and submission, enabling them to stay
focused on investment strategy and management."
BNY Mellon said it will work with its fund administration
clients to aggregate and collect the necessary data from
designated sources, including AIFMs, administrators,
custodians, prime brokers and risk vendors where appropriate.
The company will then produce the regulatory report for the
AIFM to review, and then approve and file with the National
The reporting requirements cover aspects of the fund manager
and fund, including investment strategies, exposures, portfolio
concentration, total value of assets under management,
principal markets and instruments in which investments are
made, in addition to detailed information on the funds' risk