Mitsubishi UFJ Fund Services has engaged Confluence to provide it with a range of reporting solutions for the firm’s new Annex IV Reporting Services for alternative investment fund managers.
Mitsubishi UFJ’s new services allow alternative investment fund managers that are managing or marketing alternative investment funds in the EU to submit Annex IV reports to their relevant national competent authority (NCA), as required by the Alternative Investment Fund Directive (AIFMD).
Annex IV reporting is one of the principle concerns of managers and funds in complying with the requirements of AIFMD. This involves 300-plus data points from fund, portfolio, manager and risk systems.
The services are designed to enhance, transform and load data from Mitsubishi UFJ’s administration and middle office platform, and combine with data from managers and risk systems to complete Annex IV reports.
The reporting services and interface with regulators are being launched using Confluence solutions. They are designed to complement Mitsubishi UFJ’s existing solutions for Form CPO-PQR and Form PF reporting.
Tim Thornton, CEO at Mitsubishi UFJ, commented: “Fulfilling the Annex IV reporting obligation is an essential part of complying with the AIFMD for managers marketing or managing AIFs in the EU.”
“We have launched these services to provide AIFMs with a seamless solution for ensuring they are fully compliant with all the appropriate regulatory reporting requirements with as little manual intervention as possible.”
