Tech vendor Confluence will provide reporting solutions to Mitsubishi UFJ Fund Services for their new Annex IV reporting services under the alternative investment fund manager’s directive (AIFMD).
The new services allows firms that are managing alternative investment funds in the EU to submit their Annex IV reports to their relevant national competent authority.
Involving 300 plus data points from fund, portfolio, manager and risk systems, some firms face big challenges in preparing for the first wave of reporting which commences on
October 31, however reporting for the majority of firms will begin in January 2015.
“Most managers will need to begin reporting in January 2015 and the time and complexity involved is by far the biggest concern as the deadline approaches,” says Tim Thornton, chief data officer, Mitsubishi UFJ Fund Services.
The reporting services and interface with the regulators are being launched using solutions provided by Confluence, a provider in investment data management automation.
Mitsubishi UFJ Fund Services Links with Confluence for AIFMD Reporting
Tech vendor Confluence will provide reporting solutions to Mitsubishi UFJ Fund Services for their new Annex IV reporting services under the alternative investment fund manager’s directive (AIFMD).
« Fed Amends Risk Management Standards for Clearing and Settlement Agencies