Regulatory Reporting

Changing regulatory requirements will impact on the alternative investment fund industry. Unsurprisingly, debt funds are also affected.

The AIFMD brought new challenges, which required a new set of compliance activities, e.g. creating an automated process in a secure environment, generating reports with high quality standards, tracking each regulator's local requirements, and retrieving sources in a few clicks for ESMA audits. PwC’s reporting services cover the whole value chain in an integrated way, from reviewing inflow data to filing reports to the regulators. We generate, review and file the required AIFMD reports by the specified deadlines, meeting ESMA and local requirements and following strong control processes at each step of the value chain.

In addition, from 1 January 2018, Regulation (EU) No 1286/2014 on key information documents ("KIDs") for packaged retail and insurance-based investment products ("PRIIPs") requires a KID to be provided in a good time to non-professional clients prior to any transaction.

PRIIP manufacturers such as fund managers, insurance companies, credit institutions and investment firms must draw up this three-A4-page document, publish it on their website and update it at least once a year.

PwC can assist you by assessing whether your products fall under the scope of the Regulation. We can prepare the KID, provide assistance on the narratives (objectives, target market, etc.), calculate the risk and performance figures, and disseminate documentation to your distributors or local authorities.

Finally, the introduction of Solvency II in 2016 has led to new enhanced reporting for insurance companies to meet their Solvency II reporting requirements, and potentially new ways of structuring investment vehicles to optimise/minimise the solvency capital requirement attached to the investment.

PwC can support you, from collecting the data to preparing the necessary reporting. Additionally, we can help you in structuring your new products to meet both your investment objectives and the insurance companies' objectives of achieving the most advantageous capital charge.