FCA Derivatives Use
Reporting Module
We offer a fully automated reporting module as well as a simple Excel to XML conversion solution that allows authorised fund managers of UCITS funds to report their use of derivatives.
Our FCA Derivative Use Reporting Solution
Interactive Real-Time Reporting
Time-Series Reporting
All Calculations
Full Transparency
Key Features
Maintain all Static Data
Enabling you to re-use in other types of regulatory reporting.
Automate Derivative Exposure Calculation
Reducing the risk of errors and
saving your team time.
Full Time-Series Export Reporting Available
Enabling you to have a full
audit trail of all calculations.
Alerts for any changes in Derivative Use over time
Ensuring you keep up-to-date with any changes in regulation.
Collate all Data in easy-to-use Excel template
Enabling straightforward report creation.
One-click XML Report Generation
Making submission to the FCA simple.
Funds-Axis provide
two solutions
We offer a fully automated FCA Derivatives Use Reporting solution as well as a simple Excel to XML conversion solution:
Lite Solution
Suitable for managers seeking a simple Excel to XML conversion reporting tool
Our lite solution contains the following features:
Data Collection
Collating Data in Excel Template
Report Generation
XML Conversion
Level Two
Suitable for managers seeking a fully automated outsourced reporting solution
Our fully automated solution contains the following features:
Data Collection
Derivative Exposure Calculations Completed
Review and Logic Validation
Report Generation
XML Conversion
Gabriel Upload Support
Reporting Tool Overview
The FCA Derivatives Use report contains detailed information for each UCITS scheme, or sub-fund where applicable, that uses derivatives and is managed by the AFM, including:
Gross long and short derivatives positions;
Details of risk measures used;
Information on fund leverage including average leverage, maximum expected level, usually expected level and internal maximum level; and
Confirmation as to whether derivatives are being used for EPM purposes.
AFMs should submit additional reports at any time during the year if there has been a significant change to a fund’s risk profile since its last report.
ATLAS Funds Training
Learn more about Derivatives Rules with our Online Fund Training portal.
Frequently Asked Questions
Who is required to submit a derivatives use report?
All authorised fund managers who manage UCITS funds are required to submit a Derivatives Use Report to the FCA. This includes UK UCITS management companies who manage EEA UCITS schemes. For fund managers and management companies domiciled in other jurisdictions such as Ireland and Luxembourg, they will be required to submit a report to their respective regulator based in that country rather than the FCA.
What type of funds are included in a derivatives use report?
The Derivatives Use Report is applicable to UCITS funds only and sub-funds where applicable. Other types of funds such as NURS and QIS are not required to complete this report.
What information is required for a derivatives use report?
The following information is required to complete the Derivatives Use Report:
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The name and scheme (or, if applicable sub-fund) product reference number (PRN) of the relevant fund.
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The fund’s assets under management (AUM) and its gross long and short derivative positions (%).
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Confirmation as to whether the derivatives are used for investment purposes (as opposed to efficient portfolio management) purposes.
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Details of the risk measures used (commitment approach, absolute or relative Value at Risk).
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Information on the fund’s leverage, calculated according to EU guidelines, and the relevant fund leverage limits if defined in the prospectus.
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Information on the types of derivative used by the investment manager.
Further guidance notes on derivatives use reports can be found in the FCA Handbook COLL 6 Annex 3.
The FCA also recommends that managers review CESR’s Guidelines on Risk Measurement and the Calculation of Global Exposure and Counterparty Risk for UCITS (CESR/10-788) before completing the report.
Where do I submit a derivatives use report?
The Derivatives Use Report should be submitted to the FCA via its GABRIEL system.
When is the deadline for submitting a derivatives use report?
The deadline for submission in 2025 is 12th December.
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Transform complex data into regulator-ready filings with seamless validation, intelligent workflows, and direct submission, all in one platform.