RGen AIFM - General

RGen AIFM is a Luxembourg-made solution tailored for the Luxembourg AIFM Managers and institutions for the filings of the AIFMD Annex IV reports.

Background

The AIFM Directive (Alternative Investment Fund Managers Directive) is a European directive that has introduced harmonised rules with which alternative investment fund managers must comply since 22 July 2013.

The scope of the AIFM Directive is broad, contrary to what the letter 'A' of 'alternative' might suggest. The AIFM Directive applies in principle to all managers of one or more alternative investment institutions, i.e. collective investment vehicles that are not undertakings for collective investment in transferable securities (UCITS).

• Private equity funds
• Hedge funds
• Infrastructure funds
• Real estate funds
• Equity funds
• Bond funds

  ... fall under AIFM supervision.

The AIFMD was implemented to better regulate alternative investments that were left largely unchecked prior to the 2008-09 global financial crisis. The directive aims to protect investors as well as reduce some of the systemic risk that these types of funds can pose to the EU and its economy.

Key aspects

The first aspect of RGen AIFM is a response to a condition : preserve confidentiality. Most solutions on the market are of SAAS type, based on a third-party mutualised server. Such technology do not marry well with data confidentiality but also further expose them to security threads. The best method to preserve data confidentiality is to limit the number of people having access to them.

In practice :

• RGen AIFM is an offline application, it does not requires access to internet
• All the data handled (in the templates/reports) are protected under our customer's IT infrastructure
• No third party technical provider, no mutualized external platform
• Solution is 100% managed and operated internally
• U IT provides technical support for installation & configuration and can also provide dedicated business support to fill or correct the reports

The second aspect is the focus on the Luxembourg AIFMD reporting. This dedication and limitation to the Luxembourg market allows U IT to outperform due to our local know-how.

Topics like :

• Local CSSF guidelines to respect for sending the reports
• The obligation to use one of the 2 authorized secure channels for filings
• The right handling & interpretation of the possible feedbacks received from CSSF
• The interpretation of CSSF emails with report's corrections or cancelation requests

  ... are typical to Luxembourg and fully mastered by U IT.

Characteristics and features of the solution are described in detail in the Technical page or in the Overview (PDF) document which visually presents the solution.

Choosing U IT

The advantage to use our solution is closely linked to our expertise in the Luxembourg legal reporting. We ensure the following :

• to grant dedicated advises and instructions
• to help you to fill and send your first reports, quickly if necessary
• to share our knowledge and provide the necessary help until you master this reporting
• to put you in touch with the right department & people at the CSSF
• for the filings, we can help you to setup your secure channel (SOFiE) or propose you to use our filing service

Contact us if you need more information