Clearstream launches monitoring report to aid AIFMD compliance
28 May 2014 Frankfurt
Image: Shutterstock
Clearstream has released new report aimed at helping firms to comply with the Alternative Investment Fund Managers Directive (AIFMD).
The Domestic Markets Monitoring Report will cover 30 domestic markets, including the set of market links that Clearstream offers, before AIFMD comes into effect.
It will provide information on the structure of the domestic market, including account structures and audits, as well as information on Clearstream’s network of 53 domestic markets and links to central securities depositories.
Depository banks can use the information report when reporting to alternative fund managers.
Berthold Kracke, member of the executive board of Clearstream, said: “Market participants must now mobilise for AIFMD which will enter into force on 22 July 2014. Our Domestic Markets Monitoring Report is a first step to increase transparency in the custody chain and thereby supports our customers in complying with AIFMD.”
The Domestic Markets Monitoring Report will cover 30 domestic markets, including the set of market links that Clearstream offers, before AIFMD comes into effect.
It will provide information on the structure of the domestic market, including account structures and audits, as well as information on Clearstream’s network of 53 domestic markets and links to central securities depositories.
Depository banks can use the information report when reporting to alternative fund managers.
Berthold Kracke, member of the executive board of Clearstream, said: “Market participants must now mobilise for AIFMD which will enter into force on 22 July 2014. Our Domestic Markets Monitoring Report is a first step to increase transparency in the custody chain and thereby supports our customers in complying with AIFMD.”
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