CP12/32: Implementation of the Alternative ... - BVCA admin

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Appendix 1
(6) the aggregate amount of remuneration of the AIFM Remuneration
Code staff, broken down by senior management and members of staff.
[Note: article 22(2) of AIFMD]
Accounting information in the annual report
3.3.6 R The accounting information given in the annual report must be:
(1) prepared in accordance with the accounting standards of the Home
State of the AIF (or, for a non-EEA AIF, in accordance with the
accounting standards of the third country where it is established) and
with the accounting rules laid down in the AIF’s instrument
constituting the fund; and
(2) audited by one or more persons empowered by law to audit accounts
in accordance with the Audit Directive (or for a non-EEA AIF, audited
in accordance with international auditing standards in force in the
country where the non-EEA AIF is established).
[Note: article 22(3) of AIFMD]
3.3.7 R The auditor’s report, including any qualifications, must be reproduced in full
in the annual report.
[Note: second paragraph article 22(3) of AIFMD]
Subordinate measures
[Note: articles [x] to [y] of the AIFMD level 2 regulation lay down detailed rules
supplementing this section]
3.4 Reporting obligations to the FCA
Application
3.4.1 R This section applies to a full scope UK AIFM of:
(1) a UK AIF;
(2) an EEA AIF; and
(3) a non-EEA AIF.
Reporting obligations
3.4.2 R An AIFM must regularly report to the FCA on behalf of each of the AIFs it
manages on:
(1) the main instruments in which it is trading;