The FCA has updated its webpage on reporting under the Alternative Investment Fund Managers Directive.

The FCA states that it is aware that some alternative investment fund managers (AIFMs) have not been able to submit transparency reports using GABRIEL due to a lack of a Product Reference Number (PRN). Provided that an AIFM did not receive a PRN for the AIF it manages before 1 January 2015, and submits the report as soon as possible after receiving its PRN, the FCA will not take any enforcement action against that firm for failure to report for that AIF by the relevant due date.

The FCA also states that it is experiencing ongoing systems issues with GABRIEL. Provided that a report is submitted as soon as possible once the issues are resolved, any firm which is unable to access GABRIEL, or unable to complete their session, will not be subject to enforcement actions.

View Important message regarding AIFMD Annex IV transparency reporting and GABRIEL, 29 January 2015