An AIFMD Assessment Tool helps to assess the applicability of the Alternative Investment Fund Managers Directive (AIFMD) to Alternative Invest Fund Managers (AIFMs). By helping AIFMs identify the necessary requirements for marketing or managing Alternative Investment Funds (AIFs) within a given country as well as expediting the preparation of necessary documentation, the tool is able to complete an expensive, highly cumbersome and complex process in a fraction of the time it would take to do the same manually. All assessments of the AIFMD Assessment Tool are automatically saved in a full audit trail for future reference.
Within the European Economic Area (EEA), different countries have adopted the AIFMD to different extents under their respective national laws. This imposes varied obligations on AIFs and AIFMs that wish to attract investors from countries in the EEA.
With an AIFMD Assessment Tool built on BRYTER, AIFMs can benefit from an automated workflow to find out and fulfill the requirements under different national laws that implement the AIFMD. Based on the inputs of the user, the tool automatically identifies the requirements, such as whether the AIFM needs to be authorized under the country’s laws that implement the AIFMD. The user is guided through an interactive questionnaire that collects information to assess the obligation of the AIFM. The AIFMD Assessment Tool can be adapted and customized to suit a variety of enquiries. The tool’s modular logic allows firms to add additional steps for automating the preparation and submission of National Private Placement Regime (NPPR) forms to the relevant authority.
How it works
Through a customizable and interactive questionnaire all relevant data such as nature of the AIF and domicile status of the AIFM is collected.
A result containing the AIFM’s obligations, clearances needed and limitations on the AIFM is generated to guide the user on what needs to be done to market and manage the AIF. The tool is integrated with national financial regulatory authorities to allow for direct submissions through its automated form completion and email functionality.
A dashboard allows you to monitor the outcome of different assessments and track progress on the next steps to be taken, if any. This offers those advising fund managers an overview of tasks related to different AIFs and contributes to overall compliance efforts. With a full audit trail, the AIFM shows that the necessary checks were done before marketing or managing an AIF in a given country.