Regulation 231/2013 (the "Regulation") which implemented the Alternative Investment Fund Managers Directive ("AIFMD") provides details on the reporting obligations to national competent authorities ("NCAs") under Articles 3 and 24 of the AIFMD.
Annex IV of the Regulation contains a reporting template that Alternative Investment Fund Managers ("AIFMs") will have to use in order to comply with their reporting obligations.
The European Securities and Markets Authority ("ESMA") has now published a Consultation Paper on ESMA's draft Guidelines on reporting obligations under Articles 3 and 24 of the AIFMD (the "Guidelines") in order to supplement the Regulation and to standardise the format of the information sent to the NCAs.
The Guidelines are contained in Annex III of the Consultation Paper and clarify:
(i) the information that AIFMs should report to the NCAs;
(ii) the timing of the reporting; and