AIFMD Annex IV reporting: FCA updating forms AIF001 and AIF002
The UK's FCA announces that new Annex IV reporting forms AIF001 and AIF002 will be in place in time for quarterly reports due in January 2018.
On 13 November 2017, the UK’s Financial Conduct Authority (FCA) announced that it was updating forms AIF001 and AIF002 - the forms used by firms making reports to the FCA under Annex IV of the Alternative Investment Fund Managers Directive (AIFMD) - with the intention that these will be ready for use when submitting information in respect of Q4 2017.
The changes are intended to align the FCA’s forms with the European Securities and Markets Authority (ESMA's) technical guidance.
No changes are being made either to the reporting requirements themselves or to the deadlines for submission of reports.
The FCA aims to update the forms on its reporting platform, GABRIEL, later in November 2017 and expects that the new forms will be ready for submissions due by 31 January 2018 (or 15 February 2018 when reporting in respect of an AIF which is a fund of funds).
For a quarterly reporting AIFM, for example, the new forms AIF001 and AIF002 would be used for the first time to report information in respect of Q4 2017.
The FCA also noted that, once the forms have been updated, firms may notice extra data validations (in line with the ESMA technical guidance) if they try to amend a report that has been saved or submitted before the update.
Further information will be made available on the FCA’s AIFMD pages in due course.
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