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Screenshot of a breaking news alert e-mail from Q2 2017
Interactive Data, a leading provider of independent evaluated pricing and reference data services, today announced the introduction of its solution to help financial institutions address the Alternative Investment Fund Managers Directive (AIFMD), which fund managers need to be compliant with by July 22nd 2014 (European Union Member States that have used the transitional period).
The solution can help alternative investment fund managers and their service providers successfully manage the transition to AIFMD and maintain ongoing compliance with it. The new due diligence, transparency and reporting requirements of the Directive present a range of data and valuation challenges, especially for those firms that have not previously managed or operated these functions.
With its deep understanding of the processes involved in channeling data through the enterprise, Interactive Data can quickly help clients to identify and address their AIFMD needs. For example, in order to classify the portfolios of Alternative Investment Fund Managers (AIFMs) into asset type and geographical categories, as defined by the European Securities and Markets Authority (ESMA) guidelines on data reporting obligations, AIFMs need access to specifically tailored reference data, including relevant codes. Interactive Data offers bespoke AIFMD reference data, incorporating ESMA taxonomy to identify and define data items and asset types.
“We are confident that our ESMA-defined, AIFMD-specific data items along with award-winning evaluated pricing, reference data and robust analytics can help firms successfully manage the transition to AIFMD and maintain ongoing compliance,” said Anthony Belcher, Director EMEA Pricing and Reference Data at Interactive Data.
To read about AIFMD and valuation requirements, click here.