Combating regulatory change with cutting-edge technology and expertise
How a leading Luxembourg-based AIFM seamlessly transitioned to the new S3 report submission mechanism
BACKGROUND
In 2024 our Client, a medium-size Luxembourg-based Alternative Investment Fund Manager (AIFM), was challenged by the introduction by the Commission de Surveillance du Secteur Financier (CSSF) of S3 API – a sole direct channel for transmission of AIFMD reports. They became obliged to send the AIFMD reports to the CSSF using this highly technical environment and to regulatory deadlines, putting a lot of strain on their resources and workloads.
THE OBJECTIVES
FE fundinfo (formerly Fundsquare) facilitated the Client’s business continuity, compliance and information security, alongside the following requirements, as part of managing this transition for them.
- Secure & compliant
- Transparent
- Audit Trail
- Customer support
- Scalable
- Rergulatory feedback collection
- Compliant format
- Easy set up
- Background
ACHIEVEMENTS
The Client benefited from the following outcomes:
- Seamless transition to the new API system over merely 2 weeks.
- Business continuity and operational efficiencies leveraged off our expertise and tools.
- Removed risks associated with inaccurate, non-compliant, or untimely regulatory document submission.
- Expert support, information and training providing the client with peace of mind.
- Access to a specialist platform providing regulatory oversight, governance and smart alerts.
- Dramatically optimised process of regulatory report submissions.
- All required reports successfully filed to required timescales.
STATISTICS
40% decrease of the client's team's workload
e-file is a powerful platform that allows us to create and submit reports to the CSSF and collect feedback, giving us complete oversight of the entire workflow. The changes deployed by the CSSF meant we needed to adapt quickly to ensure any risks of possible regulatory violations were mitigated. FE fundinfo (Fundsquare) acted promptly to ensure our submission processes remained compliant.
