What is AIFMD reporting?
The purpose of AIFMD reporting is to effectively monitor and prevent systemic risk and market disruptions. The reporting obligation applies to registered and authorised AIFMs, and to those AIFMs that are established in a third country (non-EEA country), which market in Finland the AIFs they manage.
What is Annex IV reporting AIFMD?
Firms marketing their funds into, or managing funds from, the European Economic Area (EEA) are required to complete transparency reporting, often referred to as Annex IV reporting. This is required regardless of where in the world firms or their funds are based.
What is the difference between AIF and PMS?
However, PMS and AIF there are many points of difference between Portfolio Management Services and Alternative Investment Funds like AIF offers a wide bouquet of investments while on the other hand PMS is majorly focused on listed securities.
What are the types of AIF?
Currently, the AIF Regulations provide for three categories of funds: – Category I Alternative Investment Fund; – Category II Alternative Investment Fund; and – Category III Alternative Investment Fund.
What is Form PF?
Form PF is a US Securities and Exchange Commission regulatory filing requirement that mandates private fund advisers report regulatory assets under management to the Financial Stability Oversight Council, in order to monitor risks to the US financial system.
Why is AIF better than PMS?
AIF’s give fund managements more flexibility: In an AIF, when the fund gets inflows or redemptions, the fund manager can choose what specific company to buy or sell. In a PMS on the other hand, the fund manager is forced to sell the entire model portfolio.
How is PMS taxed?
Accordingly, the taxation of PMS investments are as follows: Equity Capital Gains: 15% (ST – less than 1 year holding) / 10% (LT – greater than 1 year holding … 1 lakh exemption) Non-equity Capital Gains: added to income (ST – less than 3 year holding) / 20% with indexation (LT – greater than 3 year holding)
Do non-EU masters have to report on feeder AIFS?
Non-EU masters should not have to adhere to the reporting requirement if the feeder AIFs marketed in the EU do not have the same AIFM as the non-EU master, according to the ESMA opinion. In addition, ESMA has helpfully confirmed that AIFMs are not required to look through the holdings of the master AIFs when reporting on feeder AIFs.
What are the new reporting requirements for feeder funds in 2017?
The reporting requirements of feeder funds are not altered by the AIFMD Instrument 2017, so AIFMs should continue to provide transparency reports on the feeder funds. The changes to 3.4.6A R (2) are concerned with AIF level information.
Does Esma require separate reports for each feeder AIF?
Following through on the draft guidance, ESMA requires separate reports for each feeder AIF. One report combining all the information on feeder AIFs and the master AIF will not be possible under the ESMA rules.
Does AIFMD instrument 2017 apply to non-EEA master funds?
So the requirements under AIFMD Instrument 2017 applies to a fund that is currently required to report quarterly, even when the fund is managed by an AIFM that is generally subject to semi-annual or annual reporting. Fees will not be charged on the non-EEA master funds not marketed into the EEA.