MFA made recommendations to the European Securities and Markets Authority (ESMA) on ways to simplify data reporting framework. In the lettter, MFA suggests the following recommendations:
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Streamline fund reporting under the Alternative Investment Fund Managers Directive (AIFMD), Undertakings for Collective Investment in Transferable Securities (UCITS), Money Market Fund Regulation (MMFR), and European Central Bank (ECB) statistical regimes.
- Reuse data across frameworks to reduce duplication and improve consistency.
- Develop an EU-wide data dictionary to align definitions and reduce interpretation risk.
- Maintain the current tiered reporting frequency model and avoid monthly or daily reporting.
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Create a centralised EU reporting portal for fund data submissions.
