Contributed By Travers Smith LLP
Fund managers must comply with a range of detailed regulatory reporting obligations. Broadly, managers will be required to make periodic reports to the FCA in accordance with AIFMD or the UCITS Directive, as the case may be, using a set of prescribed forms. In addition to the annual reports in respect of each managed fund, AIFMs will need to provide periodic reports relating to the AIFM itself and in respect of each AIF that it manages (including information in relation to investment strategies, main instruments traded, principal exposures, risk profiles and (where relevant) leverage). UCITS managers will be required to report on the use of derivatives and also the top five execution venues where it has executed client orders and/or the top five execution venues or investment firms to which the fund manager has transmitted orders for execution.