7 November 2014


The first AIFMD reporting deadline was on October 31, and we were there, with our clients, to celebrate 100% on-time filing. We are honoured that our clients–representing in total more than 2,000 AIFs–entrusted us with the regulatory reporting obligations of their first registered Alternative Investment Funds.

Going to the source

We started the development of our solution very early, because over the years we’ve learned that with any new regulation, the first critical step is understanding it. So we went to the source, working closely with regulators and ESMA to understand what they need, and to develop the most intuitive, automated, and business-oriented solution to make it happen.

The brains behind the muscle

Our systems, using a scalable, reliable infrastructure in “Private Cloud” mode hosted in one of the top-40 data centres in the world, allow true STP and high-volume processing. And our business partner CETRELSecurities’ CSSF-approved transmission channel enables us to automate the filing to one of Europe’s most solicited regulators, the CSSF.
But above all, our team of experts made the difference, guiding our clients through the whole chain of data gathering, calculation, and integration. When fully integrated, our internally-developed report-production system allows for a very high level of operational efficiency. This results in up to three times quicker reporting when compared to manual filing.

“The more you automate, the more secure the process is and the less error-prone. Clients can therefore significantly reduce time, resources and capital committed to fulfilling their regulatory obligations, and fully focus on their core business and on what brings value for their businesses and investors”, comments Stephanie Noel, Head of Operations at KNEIP.

The data mapping in AIFMD reporting is extremely complex and can take months of preparation and weeks to execute. For example: one of our clients is using 25 different data sources, to send 150 data files to feed into 528 different staging table fields in more than 20 tables. Our team of experts reconciled the data and integrated them into our AIFMD platform. After this one-off exercise, production and filing is fully automated.


More than just a one-off exercise

All of the work invested in AIFMD reporting obligations can also serve many other purposes such as additional calculations, EMIR reporting, MMIF reporting, or derivative and money market-focused reporting, to name a few.

Next up: January

Under the new rules of transparency reporting, AIF managers are required to regularly collect and report on 302 pieces of data. Through our experience, we have learned that the optimum integration time is 90 days. However automation and a dedicated team of regulatory integration experts has enabled KNEIP to cut this time down, accelerating the integration process.

“With over 10,000 reports to be produced annually, we are already preparing for the next reporting deadline in January. Our clients have very diverse types of funds and fund structures. Having technology powerful enough to handle this diversity is essential for both Administrators and Fund Managers who are responsible for ensuring their compliance”, highlights Renaud Oury, Chief Sales & Marketing Officer at KNEIP.

Asking oneself if the increasingly challenging regulations are necessary isn’t the right question. The real question is: how can I leverage regulatory expertise and technology to meet my compliance needs?

Press enter or esc to cancel