KNEIP has been retained by Deloitte Luxembourg to support its clients in producing Alternative Investment Fund Management Directive (AIFMD) reporting to authorities in order to comply with the reporting requirements foreseen in Article 24 of the AIFM Directive.

The AIFMD will regulate the management of the non-UCITS fund sector and the full reporting exercise consists of exposure, leverage and other fund centric figures to be reported in most cases on a quarterly basis. The reporting requirements will come into force probably in early 2014 and by July of next year at the latest. It applies to all Alternative Investment Fund Managers (AIFMs) which will need to comply with stringent reporting requirements if they are domiciled, manage funds, or market to clients in the EU. Even AIFMs located in non-EU countries are impacted if they intend to continue marketing under private placement regimes. The only exception to benefit from a light reporting regime (not a full exemption) are registered EU AIFs falling below the specified AUM thresholds.

Bob Kneip, CEO of Kneip, says, “Our service is built on the idea that compliance and regulatory obligations can actually promote better business. With the right technology, processes, and partners, reporting and disclosure can be managed smoothly and reliably. We are pleased at how our AIFMD association with Deloitte will enable us to enlarge the service we currently offer to asset managers and other industry professionals.”

Lou Kiesch, partner at Deloitte Luxembourg, explains, “AIFMD reporting represents a great operational, administrative, regulatory and logistical burden for AIFMs. The main objective of our AIFMD Reporting team and Kneip is to bring EU and non-EU AIFMs a comprehensive and seamless solution with minimal effort from their side, providing them with the comfort they are looking for.”