About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SIX Financial Information Adds AIFMD Data Service to Regulatory Solutions

Subscribe to our newsletter

SIX Financial Information has added a data service that supports compliance with the Alternative Investment Fund Management Directive (AIFMD) to its regulatory solutions and is preparing further services for forthcoming regulations.

The company’s AIFMD service includes the data needed by alternative investment fund managers to register themselves and their managed funds as required by the directive, as well as the financial instruments data and classifications needed to report to local regulators on a quarterly, semi-annual or annual basis depending on the value of assets under management. Easing the problem of AIFMD being implemented and specified in different ways by regulators in different countries, SIX captures data in all formats and maps it to its own format before distributing it as part of the data service.

Heiko Stuber, senior product manager, reference data at SIX, explains that the service also includes data on registered alternative investment funds and their managers, which is obtained from the European Securities and Markets Authority and local supervisory authorities. This allows financial advisors to see which alternative investment fund managers are permitted to market their funds within the European Union. The service is available immediately and is delivered on a global basis via SIX’s VDF reference data feed.

Phillip Lynch, head of markets, products and strategy at SIX, comments: “The compliance effort for AIFMD is not to be underestimated and, given our expertise in regulatory reference data, we aim to support the fund sector in growing its business and marketing its funds in a compliant way.”

Looking forward, Jacob Gertel, senior project manager, legal & compliance data at SIX, says the company is working on a data service for MiFID II and has a solution in place for Solvency II. It also has Basel III on its radar.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to optimise SaaS data management solutions

Software-as-a-Service (SaaS) data management solutions go hand-in-hand with cloud technology, delivering not only SaaS benefits of agility, a reduced on-premise footprint and access to third-party expertise, but also the fast data delivery, productivity and efficiency gains provided by the cloud. This webinar will focus on the essentials of SaaS data management, including practical guidance on...

BLOG

Snowflake Reviews the Rise of the Chatbot

Large language models (LLMs) are increasingly being used to create chatbots with 46% of apps falling into this category in May 2023, and the percentage continuing to rise. This shows a shift from LLM applications with text-based input, 82% in 2023 and 54% in 2024, to those with iterative text input and offering the ability...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Corporate Actions 2009 Edition

Rather than detracting attention away from corporate actions automation projects, the financial crisis appears to have accentuated the importance of the vital nature of this data. Financial institutions are more aware than ever before of the impact that inaccurate corporate actions data has on their bottom lines as a result of the increased focus on...