Speculate as to why there has been an increase in reporting requirements
in the last ten (10) years. Also, give your opinion on whether the
increase in reporting requirements has improved investors’ and
creditors’ confidence in corporations
Thank you for the opportunity to help you with your question!
Increased demand for reporting is one of the
consequences of the significant regulatory attention
the asset management industry has been receiving.
The following are a sample of applicable regulations:
• UCITS IV saw new requirements to produce
and update information relevant to investors
in the KIID.
• The Foreign Account Tax Compliance Act (FATCA)
included annual reporting requirements on funds
with investors in the United States.
• Form PF and the Annex IV requirements of AIFMD
are impacting alternatives managers in the United
States and Europe.
• Solvency II regulations for insurers are having
a knock on effect on asset management as
information on the underlying investments
Please let me know if you need any clarification. I'm always happy to answer your questions.