UK-based Kinetic Partners has introduced its AIFMD checklist to give firms an accurate picture of their progress along the road to meet the AIFMD regulations.
The new list will be used by compliance and risk departments within both full-scope Alternative Investment fund managers (AIFMs) and small authorized/registered UK AIFMs.
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According to Kinetic Partners, the new checklist will cover three key areas – organisation structure review; operational processes review, and review of reporting procedures for post-authorisation.
The key elements of the list will include constructing a business plan, reviewing existing investment management agreements, establishing a liquidity management system and preparing and distributing an annual AIFM report, among others.
Andrew Shrimpton, global head of regulatory compliance at Kinetic Partners, said: "AIFMD is throwing up a host of challenges for market participants. While we hear a lot of discussion around the deadline pressure and requirements, very few have the practical experience and methodology to assist the industry throughout the change.
"We wanted to develop this checklist so firms both large and small can have a clear picture of where they are right now, where they need to get to and how to get there. The key starting point is establishing a clear roadmap," Shrimpton added.
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