Print this article

BNY Mellon Launches AIFMD Reporting Service

Sandra Kilhof

11 December 2013

New York-headquartered , alternative investment fund managers must file a specifically formatted report with their home member state’s supervisory authority or national competent authority. The report requirements are extensive and cover aspects of both the fund manager and the fund, such as investment strategies, exposures, portfolio concentration, total value of assets under management, principal markets and instruments in which investments are made, plus detailed information on the fund's risk profile.

As part of the service, BNY Mellon will work with its fund administration clients to collect the necessary data in order to populate an AIFMD regulatory report for fund managers to review, approve and file with the relevant national authority.

“Alternative investment fund managers are increasingly challenged by the growing global regulatory reporting demands of AIFMD. Our solution will provide them with a signature ready report for their approval and submission,” said Alan Flanagan, BNY Mellon global head of product management for alternative investment services.

As of 30 September 2013, BNY Mellon had $27.4 trillion in assets under custody and administration, and $1.5 trillion in assets under management.