As AIFMD Compliance Deadlines Loom, Are Fund Managers Ready?
A recent survey assessed the state of readiness of European fund managers relating to deadline for compliance with the new AIFMD regulations. “Fund managers and third-party administrators are facing one of the most complex regulatory reporting challenges the industry has had to manage to date,” says Melvin Jayawardana, European Market Manager at Confluence, a leader in investment data management automation. “At the heart of their concern is AIFMD’s requirement for reports to be validated, formatted and posted as quickly as 30 days after the end of the reviewed period. This is a major hurdle for an industry that has not...
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