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AIFMD and KAGB

The Alternative Investment Funds Managers Directive (AIFMD) was designed very broadly to avoid possible gaps in legislation. As a result, fund products that were already regulated in Germany (e.g. special funds, mixed funds and open-ended real estate funds) are also affected by the new rules. The AIFMD was transposed into German legislation along with the UCITS requirements in a single Capital Investment Code (Kapitalanlagegesetzbuch/KAGB) that has replaced the country's previous Investment Act (Investmentgesetz). As a result, both processes and systems now have to be adapted for many investment products.

 

One of the main challenges of the AIFMD is the production of reports for the authorities. In addition to the assessment of existing master, inventory and transaction data, numerous new risk performance indicators have to be identified. These range  from market risk to liquidity risk and from credit risk to settlement risk.

 

Benefit from d-fine's specific project experience with the AIFMD and our long-term experience of regulatory requirements in all sectors of the financial industry. In current implementation projects we pay particular attention to adopting a pragmatic and efficient approach to ensure timely reporting.