The FCA is replacing Annex IV wholesale. The headline is a 75% cut in reporting. The reality for firms is a migration – and the templates to plan it are already public. On 14 July 2026 the FCA published CP26/26, introducing FRAME – Fund Reporting for Asset Management Entities. It Read more…
Real estate fund reporting sits at the intersection of operational complexity and regulatory variation. Unlike listed assets, property data originates from multiple sources, often at the asset level, and rarely in a consistent format. Rent rolls, lease data, capex, valuations, and operating metrics are typically maintained in separate spreadsheets across Read more…
The European Securities and Markets Authority has published two complementary reports as part of its ongoing effort to simplify EU reporting frameworks: A Final Report on the integrated collection of funds’ data An Interim Report on the holistic review of transaction reporting These sit under a broader initiative to streamline Read more…
As of April 16, 2026, the updated Alternative Investment Fund Managers Directive, commonly referred to as AIFMD 2, officially comes into effect across the EU. This marks a significant milestone for managers of alternative investment funds (AIFs), particularly those engaging in loan origination activities or operating open-ended structures. While the Read more…
Today, the European Securities and Markets Authority published the results of its 2025 Call for Evidence on the retail investor journey, outlining areas where regulatory processes may be unintentionally creating friction for retail investors. The report forms part of ESMA’s broader effort to simplify participation in EU capital markets while Read more…
Today, 10 March 2026, Commission Delegated Regulation (EU) 2026/269 formally enters into force, marking the latest step in the ongoing reform of the Solvency II Delegated Regulation (EU) 2015/35 framework. The changes form part of the broader Solvency II Review Directive (EU) 2025/2, with most operational provisions applying from 30 Read more…
In asset management and across the broader financial industry, reporting priorities often follow market narratives. Over the past decade, firms have adapted disclosures and reporting outputs to address ESG integration, transaction cost transparency, digital assets, and more recently, artificial intelligence exposure. Before that, it was smart beta, alternatives, and thematic Read more…
As regulatory obligations expand and distribution models become more complex, financial firms are increasingly constrained not by a lack of data, but by how that data is managed. Across asset managers, insurers, REITs, and other investment firms, fund and product data are often fragmented across administrators, custodians, vendors, and internal Read more…
Last week, FinDatEx released the finalized version of EMT 4.3, the latest update to the European MiFID Template. As we previously reported, EMT 4.3 introduces a new France-specific section applicable to structured products, focused on Value Cost Advantage (VCA) disclosures. Compared to EMT 4.2, version 4.3 adds three optional fields Read more…
In asset management, speed to market is a competitive advantage. Firms that can launch funds and share classes efficiently are better positioned to support distribution strategies, respond to investor demand, and capitalize on market opportunities. Yet for many organizations, regulatory reporting continues to be a gating factor, extending launch timelines Read more…
The Data-Intensive Regulatory Landscape of 2025-2026 The past year brought an unmistakable rise in regulatory expectations across the financial sector. In 2025, regulators in the U.S., EU, and UK expanded their focus on data integrity, investor protection, sustainable finance, and structured reporting. As we enter 2026, these initiatives evolve from Read more…
The Financial Conduct Authority (FCA) published its final rules for the Consumer Composite Investments (CCI) framework on 8 December 2025, providing manufacturers with an 18-month implementation period before full enforcement. This marks the formal replacement of the UK UCITS KIIDs and UK PRIIPs KIDs, following an extensive consultation process that Read more…
What the Final Proposal Means for Asset Managers Distributing Funds in Europe The European Commission has published a proposal to reform SFDR, signaling a decisive transition away from a purely disclosure-based regime. Under the new draft, formal product categories are introduced, measurable entry criteria apply, and exclusions and sustainability objectives Read more…
This version introduces new fields for holdings attributes, trade price frequency, UK Overseas Fund Regime (OFR), ACT signatory, and Swiss sustainability disclosure. It also updates many fields to support minor currencies, UK post-Brexit considerations, and definitions for EMT, EPT, and EET-related fields. Although the changes span 121 fields, the iQuant Read more…
This update introduces a new section to the template that allows fund manufacturers to provide additional information on Value for Money tests for structured products. The section includes three optional fields intended for structured products distributed in France: Whether the product successfully passed a Value for Money test The Value Read more…
At today’s open meeting, the U.S. Securities and Exchange Commission (SEC), together with the Commodity Futures Trading Commission (CFTC), voted to further postpone the compliance date for the amended Form PF to October 1, 2026. This follows previous extensions that moved the original March 12, 2025 date to October 1, Read more…
The European Commission’s draft Solvency II Delegated Regulation is a major step toward reshaping Europe’s prudential framework. While supportive of its ambition, Insurance Europe has stressed that improvements are needed in three critical areas: Reducing volatility: avoid artificial swings in solvency ratios by refining the volatility adjustment and interest rate risk Read more…
The European Commission has released its draft Solvency II Delegated Regulation, introducing a significant revision to Solvency II’s framework by aiming to unlock insurer capital for long-term investment, enhance proportionality, and align the regime with Directive (EU) 2025/2. While the draft is still under consultation, it sends a clear signal. Read more…
The Financial Conduct Authority (FCA) has launched a beta version of its newly redesigned Handbook, marking a significant step forward in its broader strategy to become a more agile, tech-enabled regulator. The new platform is designed to make regulatory content easier to access, navigate, and understand; a welcome change for Read more…
At iQuant Solutions, we understand the complex landscape of regulatory reporting that asset managers, private equity firms, and insurance companies navigate daily. The volume and disparate nature of reporting obligations often result in significant operational challenges, increased costs, and ongoing compliance risks. It is within this context that we welcome Read more…
Today, the U.S. Securities and Exchange Commission (SEC) voted to extend the compliance date for the February 8, 2024 Form PF amendments to October 1, 2025, contingent on corresponding action by the Commodity Futures Trading Commission (CFTC), which is expected to vote on this soon. This joint extension, once confirmed, Read more…
As a London-based firm with a global presence, we understand the rapidly changing reporting challenges facing investment managers and insurance companies. The adoption of crypto-assets and algorithmic tools like robo-advisors is accelerating, driving a wave of regulatory transformation. Compliance today is no longer about meeting static rules—it’s about anticipating dynamic, Read more…
Two weeks ago, we reminded private fund managers that the extended Form PF compliance deadline (June 12, 2025) was fast approaching. Many have spent the past year preparing for XML schema updates, expanded data fields, and new reporting requirements. Yet with only two weeks left prior to the implementation deadline, the industry Read more…
The SEC and CFTC’s extended compliance date (June 12, 2025) for the recent Form PF amendments is now only one month away. This extension provided additional time for private fund advisers to implement the necessary operational and technological changes required under the updated Form PF reporting framework. 𝗞𝗲𝘆 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝘁𝗼 Read more…
The European Supervisory Authorities (ESAs) have released an updated version of their consolidated Q&As on the PRIIPs Key Information Document (KID), dated 5 May 2025. Regular updates to the Q&As ensure that market participants are provided with clear guidance on requirements. This update introduces clarifications affecting packaged retail and insurance-based Read more…
On April 9, 2025, the European Securities and Markets Authority (ESMA) released its Final Report on the Common Supervisory Action (CSA) concerning ESG disclosures under the EU Benchmarks Regulation (BMR). Conducted alongside national regulators, the report evaluates how benchmark administrators are applying the BMR’s ESG disclosure requirements—and offers insights that Read more…
The Securities Exchange Committee (SEC) has issued a joint statement with the Commodity Futures Trading Commission (CFTC) to extend the required date of compliance with upcoming changes to Form PF. Impacted firms will now have until 12 June, 2025 to comply with the amendments. 𝗜𝗺𝗽𝗮𝗰𝘁𝗲𝗱 𝗳𝗶𝗿𝗺𝘀 The changes affect SEC-registered Read more…
As we head into 2025, asset managers and insurance investment firms face a landscape shaped by evolving regulations and new reporting requirements. We’ll be watching several key factors likely to influence their operations and strategic decisions. Investment Data Transparency: There’s growing emphasis on improving transparency in investment data, including ESG, Read more…
Today, FinDatex published the release of TPT V7 for Solvency II reporting. This new version brings several key enhancements that further align it with recent industry and upcoming regulatory changes, including the new NACE code classification updates. Key Enhancements in TPT V7 Enhanced SCR Calculations: TPT V7 introduces support for Read more…
As the new rules of the Form PF amendments will come into force on March 12, 2025, the FINRA (“Financial Industry Regulatory Authority”) has published an early draft of the new Form PF XML schema, including a sample XML file. The draft can be found under the following link: https://iard.com/future-pfrd-releases. Read more…
On February 8, 2024, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly adopted amendments to Form PF. Form PF is a reporting form similar to the European AIFMD Annex IV used by SEC-registered private funds such as hedge funds or private equity funds. The Read more…
Yesterday, FinDatEx published the new EMT v4.2. The new version includes additional fields concerning further details of ongoing costs for the UK market. The reason for this update is a statement from the FCA from November 2023. In this statement, the FCA expresses their concerns about cost disclosures by funds Read more…
It is commonly known that the UCITS KIIDs need to be updated every year within the first 35 business years of every new year. Last year the PRIIPs KID replaced the UCITS KIID, but same as before, also the PRIIPs KID needs an annual update according to the regulation. There Read more…
Today FinDatEx published the new EET 1.1.2. The new template is not a major update as the versioning number already indicates. This means, that there are no structural changes. Overall, there are several corrections of typos and the transitional scope 12 fields have been changed from “Mandatory/Conditional” to “Optional”, which Read more…
Last week the ESAs published the latest “Joint ESAs Final Report on RTS under SFDR”. It discusses significant changes proposed to the Sustainable Finance Disclosure Regulation (SFDR) level 2 Regulatory Technical Standards (RTS). The major changes in the proposed RTS are as follows: Principal Adverse Impact (PAI) Indicators: There have Read more…
The SEC has recently published new rules and amendments under the Investment Advisers Act of 1940 (Advisers Act) for registered private fund advisors that going forward are required to: Provide quarterly reports containing detailed information about performance, fees and expenses Conduct an annual audit for each private fund Obtain a Read more…
Solvency II is a comprehensive regulatory framework that governs insurance and reinsurance companies operating within the European Union (EU). After several years of discussions, it came finally into force in January 2016 with the aim of better protection of policyholders and beneficiaries. This was necessary because of the impacts of Read more…
FinDatEx has published the draft European MiFID Template (EMT) V4.1 for public consultation that covers the new requirements under the UK Consumer Duty regulation.