Cordium, a UK-based provider of compliance consulting and software to the financial services industry, has collaborated with financial services technology provider Indus Valley Partners (IVP) to offer AIFMD Annex IV and Form PF reporting solution.
Cordium said that the new solution is designed to assist clients meet the Alternative Investment Fund Managers Directive’s (AIFMD) stringent Annex IV reporting requirements.
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Under the deal, Cordium and IVP will provide the industry with a regulatory solution that combines regulatory services and technology.
According to Cordium, the reporting solution will allow investment managers to meet their global regulatory reporting needs from a purpose-built cloud platform and fully support Annex IV reporting under AIFMD, as well as Form PF.
Alternative Investment Fund Managers (AIFMs) that manage an AIF into the European Union or EEA will be obliged to file regular Annex IV reports to the relevant regulatory authority.
The company said that Annex IV reporting will be based on a complex classification system whereby the frequency of the report will be determined by type of investment and the quantum of assets under management.
However, the IVP solution will automate Annex IV regulatory filings and combine with support from Cordium and IVP consultants to allow AIFMs meet their Annex IV obligations.
Michel van Leeuwen, CEO of Cordium, said: "Complying with global reporting obligations such as Annex IV and Form PF is no trivial undertaking and requires a good deal of planning and preparation.
"Automation will be crucial to minimise the impact on company resources and ensure compliance. The IVP platform allows us to deliver our clients and prospects an effective and competitively-priced solution to this challenge."
