The European Securities and Markets Authority (ESMA) has published Revision 6 of the AIFMD Reporting IT Technical Guidance, introducing stricter validation rules and mandatory field requirements to improve the quality and consistency of Annex IV reporting.
At Funds-Axis, we’re committed to helping Fund Managers stay ahead of regulatory changes. Our Galaxy Regulatory Reporting Platform is fully aligned with ESMA’s latest guidance, ensuring your submissions are accurate, complete, and audit-ready.
Effective Date
Revision 6 (XSD Version 1.2) has been applicable since 22 November 2023. Reporting entities must now use this version for submissions under:
- Article 3(3)(d)
- Article 24(1), 24(2), and 24(4) of the Alternative Investment Fund Managers Directive (AIFMD)
The first reference period includes Y1, H2, Q4, or X2 2023.
What’s New in Revision 6?
The full list of changes is available in the Change History tab of ESMA’s updated guidance.
For AIFs (Article 24(2) Reporting)
- Mandatory Risk Measures:
- AIFs must now report the following risk measure types:
- NET_EQTY_DELTA
- NET_CS01
- NET_DV01
- AIFs must now report the following risk measure types:
- Sub-Asset Type Validation:
- If the aggregate amount (Field 98) is greater than zero for any of the 10 principal exposures (Field 96), the sub-asset type must be reported.
For AIFMs
- Currency Consistency:
- Fields 29 and 32 must now be reported in EURO, correcting prior inconsistencies.
- Field Correction:
- Field 97 has been updated from “L” to “S” to align with schema expectations.
ESMA’s Reminder on Data Completeness
ESMA has flagged frequent omissions in AIF002 submissions, particularly:
- Legal Entity Identification Code (LEI) – Field 6A
- International Securities Identification Number (ISIN) – Field 7A
- Redemption/Withdrawal Rights – Field 209A
These fields are essential for supervisory analysis and must be completed in all future submissions.
How Galaxy Supports You
Our Galaxy Regulatory Reporting Platform is built to meet the demands of evolving AIFMD requirements:
- Automated validation checks for Revision 6 compliance
- Real-time error detection and schema alignment
- Expert support for interpreting and implementing technical updates
- Flexible deployment: SaaS or managed service options
Stay Ahead of AIFMD Reporting with Galaxy
Ensure your Annex IV submissions are complete, compliant, and future-ready.
