ESMA: Guidelines on reporting obligations under Articles 3(3)(d) and 24(1), (2) and (4) of the AIFMD/Opinion: Collection of information for the effective monitoring of systemic risk under Article 24(5), first sub-paragraph, of the AIFMD

ESMA has published a number of documents with regard to the above (available to download inpidually via the following link, including the guidelines clarify provisions of the AIFM Directive on required information. Key elements AIFs will have to report to national supervisors including a breakdown of investment strategies; the principal markets/ instruments in which an AIF trades; total value of assets under management of each AIF manages; turnover and principal exposures and most important portfolio concentration of the AIFs. ESMA has also published an opinion proposing additional periodic reporting including such information as VaR of AIFs or the number of transactions carried out using high frequency algorithmic trading techniques. ESMA is also publishing some technical supporting material (a consolidated reporting template, detailed IT guidance for filing of the XML and the XSD schema) that will facilitate the reporting by AIFMs to regulators – these are available to download via the fourth link below. The guidelines will be translated into the official languages of the EU - national competent authorities will then have two months from the date of the publication of the translations on ESMA’s website, to confirm to ESMA whether they comply or intend to comply with the guidelines by incorporating them into their supervisory practices.