ARTICLE · 09 MARCH 2017

Master Fund Reporting – AIFMD (NPPR) Annex IV

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As reported in previous updates, ESMA has issued an opinion advising EU authorities to collect certain additional information in AIFMD Annex IV reports to assist them monitor systemic risk (the "ESMA Opinion").

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AIFMD Master Fund Reporting Rules

As reported in previous updates, ESMA has issued an opinion advising EU authorities to collect certain additional information in AIFMD Annex IV reports to assist them monitor systemic risk (the "ESMA Opinion").

AIFMs managing non-EEA master AIFs were covered as part of this advice. ESMA recommended that they should provide additional information on their master AIFs even where they are not marketed in the EEA, provided that the Master AIFs have a feeder AIF which is marketing in the EEA or domiciled in the EEA¹.

The scope of the ESMA Opinion is very wide. For example, a US manager with a Cayman master AIF and an Irish feeder AIF, or a Cayman feeder AIF marketed in the EEA, would be caught.

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