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Independence, Integrity, Ingenuity
AIFMD


AIFMD seeks to put in place a comprehensive and effective regulatory and supervisory framework for alternative investment funds with the goal of having harmonized regulatory standards across the EU.   This Directive imposes a number of requirements surrounding marketing, investor disclosure, executive compensation, investor reporting and risk management.  In the area of risk management, the Directive requires managers registered in Europe to establish an independent risk management function, put in place a risk governance framework, measure and monitor key risk factors and file a risk transparency report with regulators (“the ESMA Form”).   Non-EU managers marketing their funds in Europe must also file the ESMA Form.  The AIFMD requirements are demanding and present significant strategic and operational challenges for many fund managers.  North Street Global Fund Services provides clients with complete and cost-effective reporting services to fully meet the distinct risk and data requirements for AIFMD/Annex IV reporting. 

Key Service Features:

  • Complete Solution – fully meet all of a fund’s AIFMD challenges and requirements, including the critical aspects such as Annex IV
  • Most Cost-Effective – North Street Global Fund Services AIFMD solution is superior and less expensive than an in-house effort or any external vendor solution
  • Extensive Risk Experience – seasoned team of risk management practitioners with 25+ years of experience
  • Leading Regulatory Reporting Software – we utilize leading regulatory reporting software to aggregate data and produce AIFMD report (XML upload file)
  • Leading Risk Systems – we utilize leading risk software to produce answers for complex risk calculations of AIFMD such as:
                - Value-at-Risk (VaR) 
                - Counterparty risk
                - Duration risk
                - Liquidity risk
                - Stress Tests

  • Regulatory Interpretation/Assumptions – guidance on interpretation, assumptions and methodologies of Annex IV reporting questions
  • Regulatory Audit Trail – development and/or enhancement of fund’s Annex/IV reporting “Bible” (i.e. policies, procedures and regulatory audit trail related to Annex IV reporting)
  • Independent Review and Check – review and check of a fund’s filing before submission to the regulators to ensure there are no “red flags”
  • Regulatory Independence Requirement – by utilizing outsourced risk management, the fund manager is ensuring there is functional separation from portfolio management, thus best meeting the “independence requirement” of the AIFMD directive