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    Regulation & reporting

  • Tracker Service

  • This page is from the Tracker Service September 2014 launch, and is only updated for Tracker subscribers

    The Tracker follows regulatory and reporting issues particularly Annex IV developments.

    Many managers surveyed by IFI Global, especially boutiques, see AIFMD as a key part of a general unwelcome trend to regulation that is fundamentally changing their businesses. One manager surveyed who uses a lot derivative instruments said that his firm has to follow approximately one million pages of rules, some of which are overlapping. He added that his firm can be required to report certain trades 11 different times..

    The overall regulatory Tsunami will prevent start-ups from being launched. For start-ups ‘$1 bn is the new $100 million,’ said hedge fund manager surveyed with a $1.5 bn AUM. The consensus is that a London base hedge fund manager needs a minimum of $250 million in AUM to get to break even in even the simplest strategies.

    The Tracker will monitor how AIFMD regulations are being interpreted and applied by different countries, especially with regard to distribution. It will, in particular, follow reporting issues closely. Regulatory reporting templates are still to be finalised, despite reporting requirements due to take effect by January 2015.

    Regulatory reporting under AIFMD is a matter of considerable concern to many in the industry. The Tracker will follow this in detail over the coming months.