Fund reporting is key for successful cross-border distribution
Despite the related operational challenges, fund reporting is a “must-have” for pan-European fund distribution.
Complying with fund tax reporting requirements in Europe is key for successful cross-border fund distribution. It is also one of the biggest challenges that fund administrators, promoters and management companies are facing. Each distribution country requires different reporting figures (daily and/or annually), which leads to:
- Highly complex tax computations for each jurisdiction;
- Non-standardised reclassification of accounting figures/financial instruments; and;
- The interpretation of highly complex regulatory requirements.
The tax regimes of the main fund distribution markets require significant efforts in order to fulfill the reporting requirements and reduce the risk of publishing incorrect figures.
Legislation is constantly changing and evolving – even if these changes implement tax rules for foreign funds similar to those for domestic funds, the challenge lies in monitoring how these changes and the complexities they create will affect you. In addition to the tax reporting, your investors may require the fund to provide the necessary information to comply with their own regulatory obligations. Regulatory reporting will be requested more frequently when your funds are distributed to credit institutions, insurance companies, pension funds, etc.
The European Landscape
Discover our European map of investor and fund tax reporting regimes and main regulatory reporting regimes per type of investor and country of distribution. This document considers the subtleties of reporting in the most important European markets, including the main reporting regimes.
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