Arkk Solutions, a leading regulatory and statutory reporting software vendor, is delighted to announce that it has successfully delivered the first wave of AIFMD Annex IV reports.
The first reporting deadline for some of the early authorised Alternative Investment Fund Managers (AIFMs) falling under the Annex IV reporting rules for AIFMD was due on 30 October 2014.
“Bearing in mind the complexity of the Annex IV compliance project and the challenges it brings, we are pleased to have successfully completed the first batch of Annex IV reports for a number of clients across multiple EU jurisdictions. Arkk’s software couples ESMA’s templates with our XML reporting technology. This backed by an expert team and dedicated customer support were key prerequisites for success. “ comments Richard Metcalfe, Arkk Solutions’ Managing Director.
In total the initial reports were submitted to 5 regulators including UK, Ireland, Sweden, Finland and Luxembourg
“We have a good relationship with the FCA and CBI and having test filed already with them it was quite a straightforward process. We had reservations about jurisdictions like Finland who provide no test environment but our solution performed well and the returns were filed.” comments Metcalfe.
The second wave of AIFMD reporting is due on 30 January 2015 when the majority of Full Scope, Authorised and Registered AIFMs across the EU will be expected to submit their first Annex IV filings.
Arkk Solutions’ Annex IV reporting technology is easy-to-implement and cost-effective. The Arkk XML reporting engine can be installed within your firewall or cloud-based. It is Excel driven, with optional additional systems integration and minimal training, which guarantees a quick and easy technical implementation. The software uses an Excel template of the information required by ESMA and converts it to XML for submission to the competent local authority.