Alternative investment funds (AIFs) may not be marketed to private investors and are therefore aimed at professional investors. Regulatory reporting is designed accordingly. It is based on Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No. 1060/2009 and (EU) No. 1095/2010 and Commission Delegated Regulation (EU) No. 231/2013 of the Commission of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, operating conditions, depositaries, leverage, transparency and supervision, as well as Sections 35 and 44 of the German Investment Code (KAGB).

As a rule, reporting is carried out via the Bafin MVP portal on an annual basis and serves to recognise cluster risks or market developments.

The annual submission must be made in XML format by the alternative investment fund manager (AIFM). The AIFM must fulfil the reporting obligation both for itself and for all AIFs it manages.

Processing by the MVP portal takes place immediately after submission, whereby the submission is subject to validation by BaFin.

The comprehensive AIF reporting takes into account both the past reporting year and the current situation on the reporting date.