The AIFM Directive Regulatory Reporting Template and its Comparison to SEC Form PF

March 22, 2013

The Alternative Investment Fund Managers Directive (the “Directive”) will introduce new regulatory reporting requirements for alternative investment fund managers (“AIFMs”) covered by the Directive. These will include all AIFMs based in the European Economic Area (“EEA”)1 as well as non-EEA AIFMs which either manage an alternative investment fund (“AIF”) domiciled in the EEA or which market a non-EEA AIF within the EEA. Although reporting under the Directive will be made to EEA national regulators, the European Commission has adopted a standard form template to be used throughout the EEA, derived from advice given to the Commission by the European Securities and Markets Authority (“ESMA”), which we refer to as the “ESMA Form”.

This OnPoint describes the reporting required under the ESMA Form and includes a side-by-side comparison with the requirements of the US Securities and Exchange Commissions Form PF.

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