Maples Fund Services, the global funds service provider with a substantial presence on the Cayman Islands, has extended its regulatory reporting service to incorporate Annex IV reporting for Alternative Investment Fund Managers Directive (AIFMD).
The new offering will provide an interactive solution for clients to streamline their regulatory reporting workflow from the capture of data and key assumptions through risk computations, review, approval, and straight-through reporting to the relevant authorities. The new services will complement existing compliance and regulatory services.
As part of the expansion, Maples Fund Services has engaged with ConceptONE to employ its technology in concert with Maples Fund Services’ technology framework to create a seamless interface for investment managers, their funds and regulators.
“The magnitude of new regulatory reporting requirements is fundamentally altering the global alternative funds industry. Our offering will help guide managers through the process and help alleviate many of the resource, cost and technology pressures associated with compliance” said Toni Pinkerton, global head of Fund Services. “Specifically for Annex IV reporting under AIFMD, this offering will help to ensure our clients who market within the EU are compliant.”
Phillipa White, chief risk officer, said: “The platform allows our clients to produce an extensive range of reporting for various stakeholders from a singular platform and utilize a single data set ensuring efficiency and consistency. This is particularly crucial when filing reports to regulators across the globe.”
Maples Fund Services, AIFMD, ConceptONE, Toni Pinkerton, Phillipa White