Reporting - Financial Conduct Authority

Reporting

Last Modified: 29/07/2015

On 8 August 2014 ESMA published its final guidelines on the reporting obligations for Alternative Investment Fund Managers (AIFMs).

Latest updates

12 February 2015 – Important update regarding AIFMD Annex IV transparency reporting and GABRIEL

Further to our last communication on the 29th January 2015, we can now confirm that the issues with GABRIEL have now been resolved. We therefore ask firms who have yet to complete their transparency reporting to do so as quickly as possible. We are aware that AIFMs experienced difficulty in submitting their data either because they could not access the system or because of difficulties in managing a number of validation errors which they received whilst trying to submit their returns.  

Please see the link below which provides firms with help in resolving many of the common validation errors. Please note that to ensure that GABRIEL does not experience any capacity issues again we would ask firms to log out of GABRIEL as soon as possible after completing their returns.

29 January 2015 – Important message regarding AIFMD Annex IV transparency reporting and GABRIEL

We are aware that some AIFMs have not yet received the information they need to be able to submit transparency reports using GABRIEL. We confirm that where an AIFM did not receive a Product Reference Number (PRN) for the AIF it manages before 1 January 2015 we will not take any enforcement action against that firm for a failure to report for that AIF by the due date for its most recent reporting period. However, this is provided that the AIFM submits its report to us for that AIF as soon as possible after receiving its PRN for that AIF, and in any event within a month of that date (plus an additional 15 days for an AIF that is a fund of funds).

We are also experiencing ongoing systems issues with GABRIEL, which we are working to resolve. As a result we are aware that firms may not be able to access GABRIEL, or to complete their sessions once within the system, at this time. Similarly, we will not take any enforcement action against firms affected by these issues for a failure to report for that AIF by the due date for its most recent reporting period. However, this is provided that the AIFM submits its reports to us for that AIF as soon as possible after the issues with the system have been resolved.