AIFMD ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE AIFM FUND AIFM AIF ALTERNATIVE INVESTMENT FUND UCITS UCI UCITS FUNDS DIRECTIVE COMPLIANCE EUROPE EUROPEAN REGULATORY COMPLIANCE REPORTING FUND CREATION FUND COMPLIANCE ALTERNATIVE INVESTMENTS FUNDS ALTERNATIVE INVESTMENTS FUNDS DELEGATE PORTFOLIO MANAGEMENT RISK MANAGEMENT CROSS BORDER PASSPORT INTO EUROPE DISCRETIONARY PORTFOLIO MANAGEMENT EUROPEAN INVESTMENTS EUROPEAN INVESTORS AIFM - Alternative Investment Fund Manager(s) AIFMD - Alternative Investment Fund Managers Directive 2011/61/EU EU - European Union UCITS - Undertakings for Collective Investment in Transferable Securities PI - Professional Indemnity SICAV-SIF sicav société d'investissement à capital variable fonds d'investissement spécialisé" SICAV-SIF which is translated to: “investment company with variable capital – SIF specialised investment fund Investment Advisor Investment Manager delegated investment manager AuM Assets Under Management CDR Commission Delegated Regulation Fund Administration Legal and Fund Management Accounting Services Valuation and pricing Record keeping Marketing Distribution Fund distribution Safe-keeping Fund platform Fund formation Fund platform formation Sub funds Create fund Create fund platform Sub fund Dedicated fund Fund structures Tax efficiency Tax efficient structure Optimisation Reporting AIFMD reporting Annex IV reporting Conflicts of Interests Liquidity management Liquidity Calculation of the total value of assets under management Ongoing monitoring of assets under management General provisions on the calculation of leverage Gross method for calculating the exposure of the AIF Commitment method for calculating the exposure of an AIF Methods of increasing the exposure of an AIF Conversion methodologies for derivative instruments Duration netting rules Professional liability risks Qualitative requirements addressing professional liability risks General obligations for competent authorities Duty to act in the best interests of the AIF or the investors in the AIF and the integrity of the market Due diligence Due diligence when investing in assets of limited liquidity Due diligence in the selection and appointment of counterparties and prime brokers Fair treatment of investors in the AIF Inducements handling of orders Reporting obligations in respect of execution of subscription and redemption orders Execution of decisions to deal on behalf of the managed AIF Placing orders to deal on behalf of AIFs with other entities for execution Aggregation and allocation of trading orders Types of conflicts of interest Conflicts of interest policy Conflicts of interest related to the redemption of investments Procedures and measures preventing or managing conflicts of interest Managing conflicts of interest Monitoring conflicts of interest Disclosure of conflicts of interest Strategies for the exercise of voting rights Risk management systems Permanent risk management function Risk management policy Assessment, monitoring and review of the risk management systems Functional and hierarchical separation of the risk management function Safeguards against conflicts of interest Risk limits Risk measurement and management Liquidity management system and procedures Monitoring and managing liquidity risk Liquidity management limits and stress tests Alignment of investment strategy, liquidity profile and redemption policy Definitions Requirements for retained interest Qualitative requirements concerning sponsors and originators Qualitative requirements concerning AIFMs exposed to securitisations Electronic data processing Accounting procedures Control by the governing body, senior management and supervisory function Permanent compliance function Permanent internal audit function Personal transactions Recording of portfolio transactions Recording of subscription and redemption orders Recordkeeping requirements Policies and procedures for the valuation of the assets of the AIF Use of models to value assets Consistent application of valuation policies and procedures Periodic review of valuation policies and procedures Review of individual values of assets Calculation of the net asset value per unit or share Professional guarantees Frequency of valuation of assets held by open-ended AIFs General principles Objective reasons for delegation Features of the delegate Delegation of portfolio or risk management Effective supervision Conflicts of interest Consent and notification of sub-delegation Letter-box entity and AIFM no longer considered to be managing an AIF Contractual particulars Criteria for assessing prudential regulation and supervision applicable to a depositary in a third country Cash monitoring — general requirements Monitoring of the AIF’s cash flows Duties regarding subscriptions Financial instruments to be held in custody Safekeeping duties with regard to assets held in custody Safekeeping duties regarding ownership verification and record keeping Reporting obligations for prime brokers Oversight duties — general requirements Duties regarding subscription and redemptions Duties regarding the valuation of shares/units Duties regarding the carrying out of the AIFM’s instructions Duties regarding the timely settlement of transactions Duties related to the AIF’s income distribution Due diligence Segregation obligation Loss of a financial instrument held in custody Liability discharge under Article 21(12) of Directive 2011/61/EU Objective reasons for the depositary to contract a discharge of liability General principles for the annual report Content and format of the balance sheet or statement of assets and liabilities and of the income and expenditure account Report on the activities of the financial year Material changes Remuneration disclosure Periodic disclosure to investors Regular disclosure to investors Reporting to competent authorities Use of leverage on a ‘substantial basis’ Restrictions on the management of AIFs General requirements Mechanisms, instruments and procedures Data protection